Five First Nations buy a $65.3 million stake in the Coastal GasLink pipeline

Our Nations are making this investment with their own capital. No government loan guarantees, no borrowed money.

— Chief Harley Chingee, McLeod Lake Indian Band

The five Nations

• McLeod Lake Indian Band
• Haisla Nation
• Halfway River First Nation
• Saulteau First Nations
• West Moberly First Nations

The investors, grouped as FN CGL Pipeline Ltd. Partnership, are five First Nations in British Columbia.

Who owns Coastal GasLink

35 % Nations and TC Energy 65 % KKR and AIMCo

The Nations' partnership and TC Energy together now hold an indirect 35 per cent interest in the pipeline, while KKR and Alberta Investment Management Corp. hold the other 65 per cent.

Length of the pipeline

670 km

The 670-km pipeline carries natural gas from northeastern B.C. to the LNG Canada plant in Kitimat, and work to double its capacity is to begin in early 2027.

What's next

A second Indigenous investment deal in the pipeline, with another First Nations entity, is expected to close in the fourth quarter of this year.