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Enbridge Advances Historic Equity Ownership with First Nations on B.C. Natural Gas Pipeline System
Enbridge Advances Historic Equity Ownership with First Nations on B.C. Natural Gas Pipeline Syste...
About this update from Enbridge Inc.
[{"type":"text","content":"\n\n\n\n Enbridge Advances Historic Equity Ownership with First Nations on B.C. Natural Gas Pipeline System\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n May 15, 2025\n \n\n /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced an agreement whereby the Stonlasec8 Indigenous Alliance Limited Partnership (the \"First Nations Partnership\"), which currently represents 36 First Nations in B.C., will make an investment of approximately\n \n CAD$715 million\n \n in Enbridge's Westcoast natural gas pipeline system, resulting in the First Nations Partnership owning a 12.5% interest in that system, subject to certain closing conditions as well as customary closing adjustments.\n \n\n\n\n\n\n\n\n\n The First Nations Partnership has reached an agreement with Canada Indigenous Loan Guarantee Corporation (CILGC), a subsidiary of Canada Development Investment Corporation (CDEV), to secure a\n \n CAD$400 million\n \n loan guarantee to enable the transaction. Loan guarantees play an important role in advancing Indigenous involvement in essential energy infrastructure throughout\n \n Canada\n \n .\n \n\n \"Enbridge's Westcoast natural gas pipeline system is a critical piece of energy infrastructure that has been providing people with the energy they need for more than 65 years,\" said\n \n Cynthia Hansen\n \n , Enbridge's Executive Vice President and President of Gas Transmission and Midstream. \"This transaction provides an opportunity to build on our existing relationships with Indigenous communities and help advance reconciliation.\"\n \n\n \"Today is a significant milestone for Stonlasec8 F...