Indigenous non-profit looks to acquire ownership of Trans Mountain Pipeline [Toronto Globe and Mail (Ontario, Canada)]
Pembina Pipeline Corp. Ordinary Shares (Canada) (PBA)
Last pembina pipeline corp. ordinary shares (canada) earnings: 2/27 05:44 pm
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Source: Toronto Globe and Mail
A new Indigenous non-profit organization is seeking an ownership stake in the Trans Mountain Pipeline, saying its aim is to make sure communities along the pipeline’s route receive its benefits directly. Nesika Services publicly launched Monday, calling itself a grassroots, community-led not-for-profit. Chief Tony Alexis of the Alexis Nakota Sioux Nation in Alberta (and the chair and founding director of Nesika) said 14 Indigenous communities along the pipeline’s route in Alberta and B.C. have already signed on. He said Nesika is in the process of reaching out to all 129 communities that have been identified by the federal government as being impacted by Trans Mountain to ensure they have a chance to join in. “Ultimately what we’re trying to do right now is to organize the communities,” Alexis said in an interview. “Once Canada has decided they’re willing to sell this pipeline, then at that time we’ll be negotiating to purchase.” The Trans Mountain pipeline carries 300,000 barrels of
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- Pembina Pipeline Co. (NYSE: PBA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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