Enbridge Seeks Approval to Sell Stake to Indigenous Communities
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Enbridge Inc. is seeking regulatory approval to sell a stake in its British Columbia natural gas pipeline system to Indigenous groups, potentially presaging another partnership between those communities and Canadian energy companies.
The application to the Canada Energy Regulator changes the ownership structure of the system, allowing possible indigenous owners, but doesn’t mean a deal is imminent, the Calgary-based company said in an email. Enbridge mentioned the filing on its earnings call on Friday.