Indigenous communities are being given a chance to pursue an ownership interest in the Keystone XL pipeline project, builder TC Energy Corp. announced on Tuesday. TC Energy says a final agreement with Natural Law is expected to be completed in the fourth quarter of 2020, formalizing its participation in Keystone XL. "This MOU, which is one of the first of its kind for TC Energy with Indigenous communities, is a reflection of our commitment to working together to ensure Indigenous groups share the benefits of the Keystone XL Pipeline over the long-term as a valuable partner," said Keystone XL president Richard Prior. In an interview, Prior wouldn't give specifics but said the deal will be for a minority interest in the pipeline and TC won't directly provide the funding. The news comes alongside layoffs at TC Energy this week.

Source: CBC News September 29, 2020 23:37 UTC