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First Nations group to reveal plan to own 51% of Trans Mountain pipeline

Pipes are seen at the pipe yard at the Transmountain facility in Kamloops, B.C., on March 27, 2017. (THE CANADIAN PRESS/Jonathan Hayward)

A group of western First Nations that want to own a piece of the TransMountain pipeline

B.C. Director of Project Reconciliation said an announcement in Ottawa next week will include how they're paying for it

The B.C. government say opposition to TransMountain remains regardless of who owns it

VICTORIA (NEWS 1130) – Several First Nations in Western Canada are expected to announce a 51 per cent purchase of the TransMountain pipeline next week.

B.C. Director of Project Reconciliation Shane Gottfriedson said an announcement in Ottawa will include how they’re planning on paying the multi-billion dollar price tag for a majority share of the project.

He said that overall reconciliation is not just about social change, but about economic change as well.

“We’re not just mom and pop operations any more. As First Nations, we want to be actively involved in all major projects across this country and Project Reconciliation and the TransMountain pipeline is one option,” Gottfriedson said.

RELATED: Feds paid on high end for Trans Mountain pipeline, spending watchdog says

The federal government said any discussion on potential sales will only happen when, and if, the project gets final approval.

The B.C. government said opposition to the pipeline will remain regardless of who owns it.