TORONTO, Ont.—In a landmark move advancing Indigenous economic reconciliation in Canada, Stonlasec8 Indigenous Alliance Limited Partnership-representing 36 First Nations across British Columbia-has announced a major equity investment in Enbridge Inc.'s Westcoast natural gas pipeline system.
Through a wholly owned subsidiary, Stonlasec8 will invest approximately $715 million to acquire a 12.5% stake in the Westcoast pipeline, which has operated across Indigenous traditional territories for over six decades.
This transaction marks the first to be backed by a loan guarantee from the newly created...
