EDMONTON — TC Energy has signed a memorandum of understanding (MOU) with Natural Law Energy (NLE), an Indigenous energy treaty alliance to pursue an equity stake in the Keystone XL project.
“Today’s announcement is a testament to what we can accomplish when industry and Indigenous groups work together,” NLE president Chief Alan Francis said in a statement.
“This historic agreement is an important step for our peoples and future generations to share in the energy wealth coming from our lands and traditional territories.”
Support for the MOU comes from elected leaders from the Maskwacis Nations in Alberta made up of the Erminskin Cree Nation, the Montana First Nation, Saddle Cree Nation and the Louis Bull Tribe, and the Nekaneet First Nation in Saskatchewan.
“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. Our goal was not to just build relationships with Indigenous groups along our right-of-way, but to build trusted partnerships,” Keystone Xl president Richard Prior added.
A final agreement between TC Energy and NLE is expected to be complete by the fourth quarter of 2020, formalizing NLE’s participation in the Keystone XL project, a TC Energy statement said.