Alberta Indigenous Opportunities Corporation to acquire a 5.34% stake in NGTL System and Foothills Pipeline assets from TC Energy for CAD1bn.

Alberta Indigenous Opportunities Corporation, a company supporting Indigenous investments, agreed to acquire a 5.34% stake in NGTL System and Foothills Pipeline assets from TC Energy, an energy infrastructure company, for CAD1bn. “AIOC is proud to support this partnership with Communities across Alberta, British Columbia and Saskatchewan with a $1 billion loan guarantee to facilitate this landmark investment. This transaction marks a profound step toward economic reconciliation, providing an unmatched opportunity for sustainable growth and prosperity for the participants. We extend our deepest gratitude and congratulations to the Indigenous consortium committee, TC Energy and the Government of Alberta for their roles in making this possible and look forward to advancing together in reconcili-action and prosperity,” Chana Martineau, Alberta Indigenous Opportunities Corporation CEO.