‘Take your time’: Trans Mountain CEO says Ottawa shouldn’t rush to sell pipeline [Video]

Trans Mountain’s new CEO says the federal government shouldn’t rush to sell the newly twinned $34 billion pipeline.

“What the government needs to be here is a disciplined seller. Full stop. And a disciplined seller does the following things — you do not act in a hurry, you take your time,” said Trans Mountain CEO Mark Maki.

Appearing in Ottawa before MPs on the Natural Resources parliamentary committee, Maki said there are several sources of uncertainty that “capital markets” need to see settled before they give taxpayers a fair price for the pipeline.

For instance, Maki said, the federal government still needs to clarify for investors what Indigenous economic participation in the pipeline will look like. Maki later told journalists that buyers will need to know how large a stake Indigenous communities might acquire and how they might participate in the company’s governance.

Last summer, Ottawa sent a letter to …