Enbridge to Sell BC Gas Pipeline Stake to Canada Indigenous Groups – Financial Post
May 15, 2025
The group, known as the Stonlasec8 Indigenous Alliance Limited Partnership, is buying the stake for $715 million
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 the Canadian government.
The government will provide a $400 million loan guarantee to support a partnership of 36 First Nations in their purchase of a 12.5 per cent interest in the Westcoast pipeline system, which transports gas from Fort Nelson, in the northeastern part of B.C., to the Canada-U.S. border.
Read More: https://financialpost.com/commodities/energy/oil-gas/enbridge-sell-bc-gas-pipeline-indigenous-groups
