TC Energy To Sell 10% Stake In Coastal GasLink To Indigenous Groups – Baystreet.ca
March 10, 2022
TC Energy (TRP) has signed option agreements to sell a 10% stake in the Coastal Gaslink Pipeline Limited Partnership to Indigenous communities along the pipeline’s route.
Coastal Gaslink is a 670-kilometre project being built to deliver natural gas to the $40-billion LNG Canada facility that’s being developed in Kitimat, British Columbia. The pipeline will have a daily capacity of 2.1 billion cubic feet.
The pipeline, which is crucial to Canada’s liquefied natural gas sector, has been a lightning rod for controversy. It attracted protesters who are opposed to its development, and it has also faced cost overruns.
