OTTAWA — The federal government's financial adviser has raised the possibility of the Canada Pension Plan Investment Board becoming involved in the Trans Mountain pipeline project but there's been no political pressure applied, CPPIB chief executive Mark Machin told a parliamentary committee Monday.
The Toronto-based fund manager and its peers will likely take a look at the stalled Trans Mountain project because there are a limited number of investment opportunities of its magnitude, but CPPIB has yet to begin a formal analysis or receive any confidential information, Machin told Commons finance committee.
Machin insisted that there had been no contact between CPPIB and Finance Minister Bill Morneau or any other member of the Liberal government, but said that CPPIB has been approached by Greenhill & Co., a small investment bank that has been hired to advise the government on selling the Trans Mountain project.
"I believe they've approached every — a lot of — funds domestically and internationally," Machin said.
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