N環球 
Calgary's TC Energy closes first Indigenous investment deal in Coastal GasLink
TC Energy announced today it has closed an agreement with Indigenous-led FN CGL Pipeline Limited Partnership; five First Nations along the corridor will hold an economic interest in Coastal GasLink and share long-term, predictable returns. A second transaction is expected in Q4 2026.
Why it matters
A landmark step for Indigenous economic participation in Canadian energy infrastructure — corridor Nations move from jobs and contracting to direct equity ownership and a share of the pipeline's long-term returns.
Full report
TC Energy (TSX/NYSE: TRP) announced on October 13 that it has closed an agreement with FN CGL Pipeline Limited Partnership, an Indigenous-led investment entity representing five First Nations along the Coastal GasLink (CGL) corridor.
The Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West Moberly First Nations will obtain an economic interest in the entity that holds TC Energy's limited partner interest in CGL, and are expected to benefit from long-term, predictable financial returns.
This is the first of two planned Indigenous investment transactions related to CGL; a second transaction involving additional First Nations is expected to close in Q4 2026.
TC Energy President and CEO François Poirier said the agreement turns years of partnership into long-term economic opportunity and shared prosperity, reflecting the company's commitment to advancing Indigenous economic participation by providing opportunities for communities to generate predictable income and invest in their own priorities.
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