We are proud to see the Stonlasec8 Indigenous Alliance’s landmark investment in Enbridge’s Westcoast pipeline system receive national recognition as one of Lexpert’s Top 20 Deals of 2025 and be honoured as the Capital Markets Deal of the Year at the 2026 Canadian Law Awards.

This watershed $736 million transaction marks a defining moment in Indigenous economic participation in Canada’s energy sector. Bringing together 38 First Nations across British Columbia through a 12.5% ownership interest in the Westcoast natural gas pipeline system, it represents the largest Indigenous participation in Canadian energy infrastructure by number of participating Nations.

CILGC is honoured to have supported this historic milestone through the issuance of a $400 million loan guarantee — the first and largest guarantee issued under the Indigenous Loan Guarantee Program. This financing helped enable a precedent-setting partnership that advances long-term Indigenous ownership, economic self-determination, and shared prosperity.

We extend our congratulations to the Stonlasec8 Indigenous Alliance, Enbridge, and all partners whose leadership and collaboration made this groundbreaking transaction possible.

We also recognize the invaluable contributions of the advisors and financial institutions involved in the transaction, including Boughton Law Corporation, McCarthy Tétrault LLP, Stikeman Elliott LLP, Dentons Canada LLP, Fasken Martineau DuMoulin LLP, Royal Bank of Canada, RBC Capital Markets, CIBC, Cedar Leaf Capital Inc., and TD Securities.

This achievement demonstrates what is possible when Indigenous Nations, industry, governments, and financial partners work together to create innovative pathways for Indigenous equity ownership in major infrastructure projects. It sets a powerful precedent for future partnerships and reflects the growing momentum toward meaningful Indigenous participation in Canada’s economy.

https://www.lexpert.ca/news/finance-law/lexperts-2026-awards-of-excellence-for-top-deals/394133