TC Energy: Alliance of Indigenous Groups to Invest Up to C$1 Billion in Keystone XL
November 17 2020 - 6:35PM
Dow Jones News
By Josh Beckerman
TC Energy Corp. reached an agreement for Natural Law Energy, an
alliance of indigenous groups, to invest up to C$1 billion ($763
million) in the Keystone XL pipeline project.
TC Energy and NLE said the first phase of the transaction is
expected to close in the third quarter of 2021.
TC Energy said it "will apply this ownership model to create
opportunities for additional Indigenous communities along the
Keystone XL corridor" in Canada and the U.S.
President-elect Joe Biden's campaign said in May that, if
elected, he would revoke a permit that Keystone XL needs to cross
into the U.S.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
November 17, 2020 18:20 ET (23:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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