Canadian First Nations to Acquire $511 Million Stake in Enbridge's Westcoast Pipeline
Rextag
JUNE 14, 2025
A partnership of 36 First Nations in British Columbia is acquiring a 12.5% stake in Enbridge Inc.’s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The group, known as the Stonlasec8 Indigenous Alliance LP, secured CA$400 million in loan guarantees from the newly launched Canada Indigenous Loan Guarantee Corporation (CILGC), a federal entity created
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