Two things are clear. The way we’ve tried to build energy infrastructure hasn’t worked. And for too many Indigenous peoples, the status quo isn’t working, either.
It’s time for a new approach. So we can put Reconciliation into action and improve the lives of Indigenous peoples—through majority Indigenous ownership of the Trans Mountain pipeline.
Let’s make it the Reconciliation pipeline. Through majority Indigenous ownership, it can improve Indigenous lives throughout the West. How? By returning profits made from shipping resources to market to the traditional owners of the land from which those resources came.
Project Reconciliation wants Indigenous peoples to use capital markets to take a majority ownership stake in Trans Mountain. It also wants to create a Sovereign Wealth Fund to create intergenerational wealth to improve Indigenous lives across the West by investing in infrastructure and renewable energy projects.
The Indigenous participation and ownership that's at the core of Project Reconciliation is also consistent with what more and more political leaders expect:
"We need to get to a place where Indigenous peoples in Canada are in control of their own destiny, making their own decisions about their future." — Prime Minister Justin Trudeau
"We want [Indigenous peoples] to be partners in prosperity, we want them to share in the economic benefits of some of the natural resources projects that are available." — Opposition Leader Andrew Scheer
A pipeline to Reconciliation is possible. Let’s take it.
Our innovative Sovereign Wealth and Reconciliation Fund can improve Indigenous lives and build generational wealth across Western Canada. —Wallace Fox, Alberta Director
Who We Are
Project Reconciliation is an Indigenous-led organization that wants to buy a majority interest in the Reconciliation pipeline by raising funds through equity markets at no cost to taxpayers. Most of the $7.6 billion in bonds needed will be underwritten by contracts with companies that use it to ship their product.
An innovative structure makes it possible for Indigenous communities in British Columbia, Alberta, and Saskatchewan to own the pipeline. This means the benefits that flow from resources found on traditional lands will flow directly to Indigenous peoples—to fight poverty, improve infrastructure, and fund clean energy projects that help transition to a low carbon economy.
"Someone is going to own the pipeline. Indigenous ownership will put Reconciliation into action." —Delbert Wapass, Executive Chair and Founder