100% Indigenous Ownership of

100% Trans Mountain Corporation (TMC)




100% Indigenous ownership of
Trans Mountain Corp. (“TMC”)

NO Cost

No costs to any of the 129 Indigenous Nations

NO Financial Liability

No Financial Liability for any of the 129 Indigenous Nations for any operational risks

Indigenous Nation Choice

Three options:
(1) Equity Ownership
(2) Revenue Sharing or
(3) Undecided and held in trust (time limit)

NO Indigenous Nation Debt

Non-recourse to any of the 129 Indigenous nations for failure to repay – Payment secured by shipping contracts

Indigenous Decision Making

Indigenous decision making of TMC operations through our proposed governance model

TMC as the Operator

TMC will remain the operator.
TMC will report to the newly appointed board, decided by the Indigenous equity owners
We are Ready! Find out more ->

What is in it for Rec Inc or PRI?

  • We will facilitate this unique and highly complex transaction in the purchase of TMC for the 129 Indigenous nations
  • We will assist in the financial and technical administration of the ownership partnerships, as needed
  • On successful completion of the acquisition, we propose annual management and administrative fees of approximately 0.33% (~$5 million) of the pipeline’s annual projected $1.5 billion in EBITDA (2021)
  • Project Reconciliation or any entity under Project Reconciliation will NOT own any portion of TMC

Management Team

Reconciliation Inc.’s management team has proven track records of Indigenous-based investments and partnerships for value creation and shareholder growth.
The team brings together strong technical, capital markets and commercial capabilities in executing joint ventures, and Indigenous and stakeholder engagement and partnerships.

Robert Morin


Robert is a member of Enoch Cree Nation and the former President & CEO of River Cree Resort and Casino. Robert was the driving force behind the visioning and development of the River Cree, a $173 million dollar development financed through a $90 million dollar bond offering, $60 million in bank financing and $23 million in equity.

Stephen Mason

Senior Managing Director

Stephen brings over 40 years of success in developing domestic and international energy business opportunities. He has led the start-up of seven companies with the most significant being Artumas Group Inc. which reached an enterprise value of $1 billion with over 200 employees in Canada, Tanzania and Mozambique.

Steve brings extensive experience with high-level government policy makers, First Nations communities and non-governmental agencies.

Warren MacPhail

Executive VP Engineering

Warren is a member of the Siksika Nation of Treaty 7 with over 28 years’ experience in petroleum engineering and operations. Warren started his career with Imperial Oil and has held leadership positions with Devon Energy and NCS Multistage focusing on drilling & completions, operations, R&D, and technology commercialization. He has managed complex projects in the Beaufort Sea and Mackenzie Delta, Western Canada and USA.

Dr. Harrie Vredenburg

Director of Policy

Dr. Harrie Vredenburg (PhD, ICD.D) is Professor & Suncor Chair in Strategy & Sustainability, Haskayne School of Business & Research Fellow, School of Public Policy at the University of Calgary. He is also an International Research Fellow at Oxford University’s Said Business School.
His landmark research papers on energy, environment and economy, including on Indigenous inclusion, have been published in leading international journals and have been cited more than 7,500 times according to Google Scholar.
He has served as advisor to business and governments and serves as a non-executive member of the boards of directors of Toronto and London stock exchange-traded, and private equity-owned, energy companies.

Michelle Goodkey

VP External Relations & Regulatory

Michelle brings over 25 years experience bridging cultural differences between communities and organizations to work together to develop billions of dollars of nature resources in western Canada. From consultation, creating the 'S' in ESG targets, negotiating benefit agreements to equity sharing in both the public and private sector and regulatory approvals.

Michelle holds a Bachelor of Science in Natural Resource Management-Forestry and a Certificate in Aboriginal Resource Community Planning from the University of Northern British Columbia; as well as an Applied Communications Certificate from the University of Calgary

Dennis Cornelson

Managing Director

Dennis has over 40 years’ experience in business development, governance and financial stewardship. CEO and Board roles with three greenfield oil & gas pipelines, (Iroquois Pipeline, Express Pipeline and Alliance Pipeline). Dennis was a founding shareholder of Clarington Capital that transitioned into Clarington Industrial Alliance with $16 billion of AUM.

Richard Grant

General Counsel

Richerd has over 35 years’ experience in legal, land, business and management in the energy and resources sectors worldwide. He has acted for Indigenous groups and industry to negotiate over 15 commercial joint ventures in Western Canada and North America with a focus on Indigenous rights.

Peter Snow

Indigenous Relations Consultant

Peter Snow is an Indigenous Relations consultant for the energy industry, Indigenous Communities, and government agencies. With over 30 years of experience working in the energy industry, Peter has worked effectively with midstream and upstream companies, impacting Indigenous communities.

Peter holds an Honours Bachelor of Environmental Studies degree from the University of Waterloo and was president of his own Environmental company for over a decade. Peter has actively engaged Indigenous communities in B.C., Alberta, Saskatchewan, Manitoba, Ontario and Provincial and Federal Government agencies on behalf of Industry.

Peter recently served on the CEPA Indigenous Affairs working group as a subject matter expert in the field of consultation and relationship building. He also guest lectures at Mount Royal University and the University of Calgary where he has sat as an Advisory Board member to the faculties of environmental studies over the past decade.