TC Energy Closes Indigenous Investment Deal for Coastal GasLink

07:28 AM EDT, 10/13/2026 (MT Newswires) -- TC Energy (TRP) said Tuesday it has closed a deal allowing five British Columbia First Nations to acquire an economic interest in the entity holding the company's limited partner stake in the Coastal GasLink pipeline. The Indigenous-led investment entity, FN CGL Pipeline Partnership, represents five First Nations, who are expected to receive predictable, long-term financial returns from the investment, the company said. The deal is the first of two planned Indigenous investments in Coastal GasLink, with a second transaction involving additional First Nations expected to close in Q4 2026, the company added. Financial terms of the investment were not disclosed.