Reported 3 days ago
Enbridge Inc. (ENB) has announced the sale of a 12.5% stake in its West Coast pipeline to the Stonlasec8 Indigenous Alliance for C$715 million. This pipeline, stretching 1,802 miles, is vital for transporting natural gas and has been operational for over 65 years. The agreement marks an important step in Enbridge's ongoing reconciliation efforts with Indigenous communities, as it will receive a loan guarantee under the Canadian Indigenous Loan Guarantee Program.
Source: YAHOO