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Federal Indigenous Loan Guarantee Program supports B.C. First Nations’ investment in gas pipeline – ReNew Canada

May 16, 2025

Canada Development Investment Corporation (CDEV), through its subsidiary, Canada Indigenous Loan Guarantee Corporation (CILGC), announced the provision of a loan guarantee in connection with a landmark transaction to be completed pursuant to an agreement between 36 First Nations in British Columbia (Stonlasec8 Indigenous Alliance Limited Partnership ) and Enbridge for the partnership to own 12.5 per cent ownership interest in Enbridge’s Westcoast natural gas pipeline system.

“This loan guarantee is a testament to our commitment to fostering Indigenous economic reconciliation and ensuring that Indigenous Peoples have a meaningful stake in Canada’s economic growth,” said François-Philippe Champagne, Minister of Finance. “We are proud to support First Nations in B.C. in this historic endeavour.”

Read More: https://www.renewcanada.net/federal-indigenous-loan-guarantee-program-supports-b-c-first-nations-investment-in-gas-pipeline/

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