Trans Mountain Corp. insists it is committed to "meaningful engagement" with Indigenous communities after it was given the green light to move its pipeline route despite the objection of a First Nation.
The Crown corporation that owns the pipeline project had requested permission to alter the route slightly for a 1.3-kilometre stretch of pipe in the Jacko Lake area near Kamloops, as well as the construction method for that section.
In its regulatory filing, Trans Mountain Corp. said it has run into engineering difficulties related to the drilling of a tunnel in B.C. and wants to alter the route slightly for a 1.3-kilometre stretch of pipe, as well as the construction method.
Trans Mountain will have to repay the banks, with interest, and experts warn it is unlikely the company will be able to repay banks based on the project’s construction costs, tolls and international oil markets.