Enbridge Inc. has signed a deal to sell a minority stake in its Westcoast natural gas pipeline system to a group of 36 First Nations in B.C. Under the agreement, the Stonlasec8 Indigenous Alliance Limited Partnership will invest $715 million for a 12.5 per cent stake in the system. The Westcoast natural gas pipeline system is extends more than 2,900 kilometres from Fort Nelson in northeast B.C. and from Gordondale near the B.C.- Alberta border, south to the Canada -U.S. border. Chief David Jimmie, president and chair of Stonlasec8 and chief of Squiala First Nation, called the deal a significant milestone. “Enbridge’s Westcoast pipeline system is a legacy asset that has operated within our traditional territories for over 65 years,” Jimmie said in statement. “Now, our Nations will receive sustained…
Register
