TC Energy secures Canada’s largest Indigenous equity agreement

TC Energy Corp. has announced an equity interest purchase agreement with an Indigenous-owned investment partnership, making it Canada’s largest Indigenous equity ownership agreement.

The $1 billion deal, facilitated by the Alberta Indigenous Opportunities Corporation, grants a 5.34% stake in TC Energy’s NGTL System and Foothills Pipeline assets to the partnership. Up to 72 Indigenous communities in Alberta, British Columbia, and Saskatchewan will benefit from long-term revenue sources and enhanced economic sovereignty.

“Indigenous ownership is the path to a more prosperous nation. As owners, Indigenous communities will have resources to invest for the future and greater economic sovereignty. The Alberta Indigenous Opportunities Corporation is leading the world with its innovative approach to supporting Indigenous economic opportunity. TC Energy is proud to be a part of this historic agreement,” said TC Energy CEO François Poirier.