Indigenous communities ink Coastal GasLink option deals with TC Energy
Global News
The deals come after Indigenous groups expressed an interest in becoming owners in Coastal GasLink together with Alberta Investment Management Corp., KKR and TC Energy.
TC Energy Corp. says it has signed option agreements to sell a 10 per cent equity interest in the Coastal GasLink Pipeline Limited Partnership to Indigenous communities across the project corridor.
Financial terms of the agreements were not disclosed in the news release sent out Wednesday morning.
The CGL First Nations Limited Partnership and the FN CGL Pipeline Limited Partnership have been established and together represent 16 communities which have confirmed their support for the option agreements.
“The finalization of the option agreement represents a historic milestone in our desire to participate as equity owners in Coastal GasLink,” said Chief Corrina Leween, Cheslatta Carrier Nation which is a member of the CGL First Nations limited partnership management committee
“For many of us, this marks the first time that our Nations have been included as owners in a major natural resource project that is crossing our territories.
The deals come after Indigenous groups expressed an interest in becoming owners in Coastal GasLink together with Alberta Investment Management Corp., KKR and TC Energy.
The equity options are exercisable once the pipeline begins commercial service, subject to customary regulatory approvals and consents.
Coastal GasLink will carry natural gas across 670 kilometres from the Groundbirch area west of Dawson Creek, B.C., to a liquefied natural gas export facility being constructed by LNG Canada and its partners near Kitimat, B.C.
The measures presented by the Department of Justice are part of a landmark case in Washington which has the potential to reshape how users find information.
A new Waterloo, Ont., company has developed a test that will use people's saliva to figure out whether they have a concussion or not.
A chemical engineer out of the University of Calgary is piloting what she says is a more efficient, cleaner lithium extraction process.
The World Health Organization has authorized the first mpox vaccine for children, a decision experts hope will help make immunizations more widely available.
California's public health department reported a possible case of bird flu in a child with mild respiratory symptoms, but said there was no evidence of human-to-human transmission.
The AER says the company must report any hazards that present a risk to public safety or the environment.
Trump nominated Oz as administrator for the Centers for Medicare and Medicaid Services and Howard Lutnick as his next U.S. commerce secretary, who would oversee tariff policy.
Bird flu has spread far and wide, infecting a range of species like chickens, skunks, cows, foxes and polar bears. But it's the pigs that have experts on high alert.
The CFIA has recalled E. coli-tainted carrots, following a U.S. health warning about the contaminated produce linked to one death and dozens of illnesses.
Health Canada said there was an issue with the braking system of the Stokke YOYO baby stroller, sold between August and October this year.
These editorial stories and interviews will focus on the people, companies, research, and innovations leading the environmental and sustainable movement in B.C.