TransCanada Corp. is reportedly looking to sell a large portion of their Coastal GasLink pipeline project.
According to the company, they have hired RBC to help facilitate the sale of as much as 75 percent of their stake in the project.
Reports of the sale come alongside allegations from Wet’suwet’en members that CGL has been non-compliant with their Environmental Assessment Certificate.
This morning, the Office of the Wet’suwet’en sent out a statement calling CGL non-compliant with six of the conditions in their certificate.
These conclusions come following an investigation conducted by the Office alongside BC’s Environmental Assessment Office Compliance and Enforcement Branch.
That investigation took place in the summer of 2018.
According to Terry Cunha of TransCanada, “..the work that is underway by Coastal GasLink (CGL), it is approved and permitted and in full compliance with the Environmental Assessment Certificate (EAC)…” as of November 19th of this year.
TransCanada has not acknowledged a link between the two announcements, saying that they are just following through with a November mandate to reduce its interest in the project.
