On May 15, 2025, Enbridge Inc. announced a landmark agreement with the Stonlasec8 Indigenous Alliance Limited Partnership—representing 36 First Nations in British Columbia—for the acquisition of a 12.5% equity interest in Enbridge’s Westcoast natural gas pipeline system. The investment is valued at approximately CAD$715 million and is expected to close by the end of Q2 2025, pending customary closing conditions. To support the transaction, the First Nations Partnership secured a CAD$400 million loan guarantee from the Canada Indigenous Loan Guarantee Corporation (CILGC), a subsidiary of Canada Development Investment Corporation (CDEV). This guarantee is designed to facilitate greater Indigenous participation in major energy infrastructure projects.

The deal underscores Enbridge’s commitment to Indigenous reconciliation and inclusive economic development. According to Stonlasec8 Chair Chief David Jimmie, the transaction marks a turning point in economic reconciliation, enabling sustained community benefits in housing, infrastructure, and cultural preservation. Enbridge executives hailed the move as a continuation of the company’s Indigenous Reconciliation Action Plan.

RBC Capital Markets served as financial advisor and McCarthy Tétrault as legal counsel to Enbridge. The First Nations Partnership was advised by TD Securities Inc. and received legal counsel from Boughton Law, with MNP providing business and tax advisory services. The initiative also received public endorsements from Canadian federal ministers, highlighting its broader significance to national reconciliation and economic empowerment efforts.