Enbridge Inc. has partnered with the Stonlasec8 Indigenous Alliance Limited Partnership through a CAD$715 million investment, granting the First Nations a 12.5% stake in Enbridge's Westcoast natural gas pipeline system.

Information on the Target

Enbridge Inc., a leading energy infrastructure company based in Calgary, Alberta, has entered a partnership with the Stonlasec8 Indigenous Alliance Limited Partnership, which comprises 36 First Nations in British Columbia (B.C.). This partnership involves a significant investment of CAD$715 million, securing the First Nations Partnership a 12.5% equity stake in Enbridge's Westcoast natural gas pipeline system, conditional upon standard closing terms and adjustments. The Westcoast pipeline has a long-standing history, serving as a crucial energy source for over 65 years.

Enbridge's Westcoast gas pipeline system, managed by Westcoast Energy Inc., can transport up to 3.6 billion cubic feet of natural gas daily. This infrastructure plays a vital role in providing reliable energy to regions in B.C., Alberta, and the U.S. Pacific Northwest, supporting both residential and industrial energy needs.

Industry Overview in British Columbia

The energy sector in British Columbia is characterized by its commitment to sustainability and the integration of Indigenous communities in energy projects. The provincial government has introduced various initiatives to foster economic partnersh