Indigenous Investment in Canadian Energy Projects – See the Summary Here – Energy Now

April 2, 2024

Canada’s First Nations are buying stakes in Canadian energy projects at an accelerating pace as they seek economic benefits from projects on their land and companies look to raise capital.

Here are some of the opportunities and recent deals:

UPCOMING:

Trans Mountain: The Canadian government owns the C$34-billion ($25.06 billion) oil pipeline that runs from Alberta to the Pacific coast and plans to sell it, at least in part to First Nations.

Coastal GasLink: Operator TC Energy signed an option in 2023 to sell 10% of the British Columbia (B.C.) natural gas pipeline to Indigenous communities.

Mainline: Enbridge is open to Indigenous part-ownership in the North American oil pipeline network but any deal may be complex since the pipeline runs through both Canada and the U.S., said executive vice-president of liquids Colin Gruending.

Read More: https://energynow.ca/2024/04/indigenous-investment-in-canadian-energy-projects-see-the-summary-here/