CALGARY — The CEO of Pembina Pipeline Corp. says the company needs more certainty over timing, regulations and costs related to the Trans Mountain expansion project before deciding whether to make an offer for an equity stake in the pipeline.
The Calgary-based pipeline company formed a partnership in 2021 with Western Indigenous Pipeline Group for the purpose of pursuing an Indigenous-led equity stake in Trans Mountain.
But the federal government has always stated it does not wish to be the long-term owner of the pipeline, and recently launched the first phase of what is expected to be a two-part divestment process. He added that there are still many unknowns surrounding the Trans Mountain expansion project, which is still under construction and expected to be complete sometime early next year.
The sale of Trans Mountain is expected to be one of the largest commercial transactions in Canadian history. It's also unclear how large an equity stake might be sold to Indigenous communities during Phase 1 of the process.
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