TC Energy completes Indigenous investment deal in Coastal GasLink

By Lauren Krugel TC Energy Corp. says it has closed a deal that gives five First Nations an economic interest in the Coastal GasLink pipeline, which brings natural gas from northeastern B.C. to the LNG Canada plant and export terminal in Kitimat, B.C. Financial terms of the deal were not immediately available. “This agreement turns years of partnership into long-term economic opportunity and shared prosperity,” François Poirier, president and chief executive of TC Energy, said in a news release Tuesday. Under the agreement with the FN CGL Pipeline Ltd. Partnership, the First Nations have obtained an economic interest in the entity that holds TC Energy’s limited partner interest in Coastal GasLink. Its members include the Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West…

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