OlympicsAlberta aboriginal group protests proposed pipeline at TransCanada meeting
- The chief executive of TransCanada Corp. (TSX:TRP) faced some questions at the pipeline builder's annual meeting about a dispute with a northern Alberta aboriginal group.
Members of the Lubicon First Nation and their supporters protested outside the meeting in Calgary, demanding the Lubicon be consulted before the company builds a billion-dollar pipeline through their land.
One shareholder told CEO Hal Kvisle he worries about possible delays and regulatory wrangling similar to what has been seen with the Mackenzie Valley natural gas pipeline project.
Another said he was not impressed with the way the company has been dealing with the Lubicon.
Kvisle said there should be "no question" about TransCanada's commitment to working with aboriginals.
He said it would be a mistake to get involved with negotiations between the provincial and federal governments and the Lubicon over a long outstanding land claims.
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