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.”