TC Energy Pauses $1B Pipeline Deal With Indigenous Partners

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Chana Martineau, CEO of AIOC, called the deal “a profound step toward economic reconciliation,” thanking all parties involved for their efforts to bring the transaction to life.

Legal and Financial Representation

TC Energy is represented in the deal by Osler Hoskin & Harcourt LLP, with CIBC Capital Markets acting as financial adviser. The Indigenous investment group is advised by Borden Ladner Gervais LLP, with financial advice provided by TD Securities.

While the delay introduces uncertainty, both sides remain committed to completing the deal and advancing Indigenous ownership in Canada’s natural gas infrastructure.

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