We have created an empowering & inclusive partnership framework to foster economic independence & strengthen environmental stewardship for Canada’s Indigenous Peoples


Our Financing will Support Commercial Value of TMC

Securing Investment

Advanced discussions with major financial institutions
A syndicated bond financing plan – led by Tier 1 bank – is in place to secure all funds

Protecting Investments

Financiers will not receive an equity position in TMC
Bond covenants and contract clauses will ensure the pipeline remains available for operations
** Reconciliation Inc. or Project Reconciliation will NOT be owner(s) of TMC

Interested in more details? Please email our team [email protected]


Indigenous nations and organizations demand real governance oversight over environmental, cultural and community aspects of commercial developments, not just economic benefits.

Our proposed Indigenous Governance Framework is structured to honour Indigenous People’s right to real governance oversight, including to self-determination, and economic sovereignty.

ONLY equity-ownership participating nations will be decision-makers within this proposed governance framework.


Reconciliation Inc. is proposing to be the administrative and Indigenous Sovereign Wealth Fund 2 managers (with another independent fund manager). Reconciliation will not be a decision-maker.

** NOTE: This framework also allows for a quick integration of the TMX IAMC to continue the work completed to-date from the participating nation members. Knowledge gained will be retained and the budget required can be part of the TMC operating costs or cash-flow (decision to be made by the equity participating Indigenous nations).

Indigenous Appointed Boards

Responsible for acting in the best interest of the participating Indigenous nations in managing the business and affairs of TMC and ISWF2

Indigenous Oversight and Guidance

Equity participating Indigenous nations will be represented in the Unit holders Assembly, who will:
– will make key policy decisions
– approve both Board of Directors as nominated by the Board’s Governance Committee
Proposed key policy decisions include:
– decisions on the expansion of ownership to groups outside of the 129
– approaches to environmental stewardship policies; and
– proportion of net revenues to be divided between: (1) revenue-sharing to participating Indigenous nations, and (ii) contributions to the Indigenous Sovereign Wealth Fund (ISWF2)

Proposed framework weaves Indigenous and western governance models

Interested in more details? Please email our team [email protected]


Proposed Share Class Structure

(Indigenous Ownership Calculations)
Different Share Classes reflect the varying percentages of ownership.

Share class allocations are based on proximity, level of impact and population as per the table

Higher share allocations are provided to those Indigenous communities closer to the pipeline right of way.
The percentage of Indigenous ownership will still be 100%.
Different Share Classes reflect the varying percentages of ownership. This ensure the interest is shared fairly, as possible, amongst the 129 Indigenous communities.
A++ Share Class
Indigenous nations whose reserve lands are directly impacted by the pipeline right-of-way or border a body of water that is downstream or adjacent/crossed by the pipeline
A+ Share Class
Indigenous nations who are less than 30 km from the pipeline right-of-way
A Share Class
Indigenous nations who are 30 km to 140 km from the pipeline right-of-way
B Share Class
Indigenous nations who are greater than 140 km from the pipeline right-of-way
C Share Class
Metis Communities
This pie chart illustrates the proposed ownership percentages of each Share Class for all 129 Indigenous nations

Interested in more details? Please email our team [email protected]


Real Economic Reconciliation will take ALL of us.
Working together, Indigenous and Non-Indigenous people,
can change the existing business development model
by creating Indigenous capital for Indigenous nations in Canada.


Billions of dollars of Indigenous capital to invest in future energy transition projects
and grow annual distribution payments beyond seven generations
for community infrastructure and services.