Enbridge pipeline stake sold to Indigenous groups in B.C.
Thursday, May 15, 2025, 9:22 am
Enbridge Inc. is set to divest its stake in a British Columbia natural gas pipeline system by selling it to Indigenous communities. The landmark deal, backed by a substantial federal loan guarantee, marks a significant step toward empowering local groups in energy ventures and reshaping regional resource management.
A partnership of 36 B.C. First Nations has purchased a minority stake in the Westcoast natural gas pipeline system from Calgary-based Enbridge Inc.
Enbridge Inc. plans to sell a stake in a natural gas pipeline system in British Columbia to Indigenous communities in a deal that will be financially backed by Ottawa. The federal government will provide a $400-million loan guarantee to support a partnership of 36 First Nations in their purchase of…
The group, known as the Stonlasec8 Indigenous Alliance Limited Partnership, is buying the stake for $715 million
permalink / 3 stories from sources in 8 days ago #business #indigenous #pipelines #bc
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