Mountain outline6/2/2023 She is a dog that just wants to be where the people are, and will soak up all of the love and affection she can get. She is working on her leash manners and really likes going outside for playtime, and also for walks with our volunteers. Iris loves giving kisses, and loves to sit as close to you as she can leaning all her weight against your legs. Iris does get jealous if she’s not getting all the attention – she wants a person to focus solely on her and give her all of the loving. MY STORY: Iris is a fun girl that is always happy and open-mouth smiling! She loves playing with her friends Daffodil & Tulip, and she bursts with excitement when people approach her. have previously expressed interest in pursuing an Indigenous-led stake in the pipeline.Please note donations using the SPONSOR ME tab will not go to Fluffy Dog Rescue. Other groups - including a partnership formed by Western Indigenous Pipeline Group and its industry partner, Pembina Pipeline Corp. the cost to get in will be way too high.” Because as soon as that switch flips that we’re now moving hydrogen. “As I’ve had conversations with chiefs, you want to own this now. That corridor is very expensive real estate,” Mason said. “That corridor is a valuable corridor to move what will be the next generation of energy, whether it be in the form of ammonia or pure hydrogen. Some environmentalists have suggested that as the world begins to move away from fossil fuels in the coming decades, the Trans Mountain pipeline could become a stranded asset and a liability to whoever owns it.īut Mason said Friday that access to revenue streams from today’s fossil fuel industry will give Indigenous communities the ability to invest in tomorrow’s energy innovations. By contrast, the Coastal GasLink pipeline, which is also currently under construction, has option agreements in place with 16 Indigenous communities for a 10 per cent equity stake. board of directors.Īn equity stake that large in a major piece of energy infrastructure in this country would be precedent-setting for Indigenous communities. Project Reconciliation is pursuing a “minimum of a 30 per cent equity stake” in Trans Mountain, Mason said, which would mean not just economic benefits for Indigenous communities but Indigenous governance leadership through the Trans Mountain Corp. It doesn’t matter (who the buyer is), they will only pay what the commercial value is and what the tolls will support,“ he said. Mason did not say what his group is prepared to bid for a stake in the pipeline, but he said the ultimate selling price will only be what a buyer is willing to pay and will therefore reflect the anticipated return on investment. (Tolls are the rates oil companies pay to shift product on a pipeline, and they are how the pipeline company makes money).Ī report from the Parliamentary Budget Officer last June found the federal government stands to lose money from its investment in the pipeline, and suggested that if the project were cancelled at that time, the government would need to write off more than $14 billion in assets. The federal government has indicated it does not wish to be the long-term owner of the pipeline, and has said it is open to the idea of Indigenous ownership.īut due to existing contractual agreements with oil shippers, only 20 per cent to 25 per cent of the rising capital costs of the project can be passed on to oil companies in the form of increased tolls. announced its estimated price tag for the project has increased once again, this time to $30.9 billion - a 44 per cent increase from the $21.4 billion cost projection placed on the pipeline expansion project a year ago, and more than double an earlier estimate of $12.6 billion. However, capital costs of the project have been steadily spiralling. threatened to scrap the pipeline’s planned expansion project in the face of environmentalist opposition.Ĭonstruction on the expansion is still ongoing, and is expected to be completed later this year. The Trans Mountain pipeline - Canada’s only pipeline system transporting oil from Alberta to the West Coast - was bought by the federal government for $4.5 billion in 2018 after previous owner Kinder Morgan Canada Inc. “Yes, there are a couple of other proponents out there, but I think the federal government has recognized our readiness.” We are entering into the early stages of negotiations,” said Stephen Mason, managing director of Project Reconciliation, a Calgary-based group that is working to facilitate the purchase of a major equity stake in the pipeline for the 129 First Nations along the route. “We are not going away, just because it’s $30.9 billion. CALGARY - An Indigenous-led initiative is still pursuing ownership of the Trans Mountain pipeline, in spite of the project’s ballooning price tag.
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