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Enbridge to sell stake in B.C. pipeline to Indigenous groups

  • Enbridge Inc. Announced an agreement with the Stonlasec8 Indigenous Alliance Limited Partnership for a CAD$715 million investment in its Westcoast natural gas pipeline system, giving the partnership a 12.5% interest in the system, subject to closing conditions.
  • The First Nations Partnership secured a CAD$400 million loan guarantee from Canada Indigenous Loan Guarantee Corporation to facilitate the transaction.
  • Enbridge stated that this deal enhances relationships with Indigenous communities and contributes to reconciliation efforts.
  • The government is recognized for its support in making this significant milestone possible for the Stonlasec8 First Nations.
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The Record broke the news in Waterloo, Canada on Thursday, May 15, 2025.
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