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Enbridge sells 12.5% stake in its Westcoast pipeline to Indigenous groups for $715M, aiding community projects.
Enbridge Inc. has agreed to sell a 12.5% stake in its Westcoast natural gas pipeline to the Stonlasec8 Indigenous Alliance, a partnership of 36 First Nations in British Columbia, for $715 million.
The deal, expected to close by June 2025, aims to provide economic benefits to the Indigenous communities, funding housing, infrastructure, and cultural preservation projects.
This transaction is part of Enbridge's efforts to build stronger Indigenous partnerships and advance reconciliation.
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Enbridge vende una participación del 12,5% en su oleoducto de Westcoast a grupos indígenas por $715M, ayudando a proyectos comunitarios.