CALGARY, Alberta, Sept. 29, 2020 (GLOBE NEWSWIRE) – Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) announced today that they have signed a MOU.) for NLE to pursue an equity stake in the Keystone XL project and other potential related midstream and energy projects. This Memorandum of Understanding illustrates the strong commitment of TC Energy and NLE to create a meaningful and meaningful long-term partnership. A final agreement between TC Energy and NLE is expected to be finalized in the fourth quarter of 2020 that will formalize NLE’s involvement in the Keystone XL project.
“Today’s announcement is a testament to what we can achieve when industry and indigenous groups work together,” said Chief Alvin Francis, President of NLE. “This historic agreement is an important step for our peoples and future generations to share in the energy wealth of our countries and traditional areas.”
NLE CEO Travis Meguinis stated, “This very significant and historic agreement was achieved through the practice of traditional protocols with the involvement of our base bosses and executives. All of the Chiefs, NLE and TC Energy worked hard to create a path for all First Nations and industry. This partnership is historic and one of the largest of its kind in Canada and around Turtle Island (North America). “
Support for the MOU comes from the elected leaders of five First Nations in Alberta and Saskatchewan:
- Maskwacis Nations (AB)
– Hermineskin Cree Nation
– Montana First Nation
– Louis Bull tribe
- Saddle Lake Cree Nation (AB)
- Nekaneet First Nation (SK)
“This letter of intent, which is one of the first of its kind for TC Energy with indigenous communities, reflects our commitment to work together to ensure that indigenous groups share the benefits of the Keystone XL pipeline as valuable partners over the long term. Said Richard Prior, President of Keystone XL. “Our goal was not only to build relationships with indigenous groups along our right of way, but also to build trusting partnerships.
We will work closely with Natural Law Energy and its members to promote Aboriginal ownership in our future projects, not just because it makes good business sense, but because it is right for our Liquids division. We aim to expand this model to future opportunities for other indigenous groups along our Keystone XL trails in both Canada and the United States. “
Keystone XL Highlights
- Promotes continental energy security.
- Six comprehensive scientific reviews by the US State Department over the past decade concluded that the project could be built and operated in an environmentally sound and responsible manner
- Safer and less GHG intensive than alternative methods of transporting crude oil to market
- Thousands of stakeholders were involved, including landowners, parishioners and indigenous communities.
- Creates over 60,000 jobs in Canada and the United States.
- Approximately 13,000 high paying union jobs in Canada in the US
For more information on the project, visit Keystone-XL.com
About TC Energy
We are an important part of everyday life – we provide the energy that millions of people depend on to make their lives sustainable. Thanks to a secure and reliable network of natural gas and oil pipelines as well as power generation and storage facilities, we are wherever life happens. Guided by our core values of safety, responsibility, collaboration, and integrity, our 7,300+ employees make a positive contribution to the communities in which we operate in Canada, the United States, and Mexico.
TC Energy’s common stock is traded on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.
This press release contains certain forward-looking information that is subject to important risks and uncertainties (such statements are typically accompanied by words such as “expect,” “expect,” “believe,” “may,” “will,” “should”, “estimate” Forward-looking statements in this document are intended to provide information about TC Energy and its subsidiaries to holders of TC Energy securities and potential investors, including management’s estimates of TC Energy and its subsidiaries’ future plans and financial prospects All forward-looking statements reflect the beliefs and assumptions of TC Energy, which are based on information available at the time of the statement and, as such, are not guarantees of future performance. Actual results may differ materially from those anticipated in the forward-looking information We do not place undue reliance on forward-looking information or use any forward-looking information or financial prospects for any purpose other than its intended purpose. We do not update our forward-looking information as a result of new information or future events, unless we are required by law to do so. Further information on the assumptions made and the risks and uncertainties that could cause actual results to differ from expected results can be found in the quarterly report to shareholders dated April 30, 2020 and in the 2019 annual report, which can be found under the profile of TC Energy on SEDAR at www.sedar.com and with the US Securities and Exchange Commission at www.sec.gov.
About natural laws energy
Natural Law Energy is an alliance of nations from the traditional areas of Treaty No. 4, Treaty No. 6 and Treaty No. 7. The partners First Nations and Tribes, who proactively promote new economic growth and opportunities for our people for future generations . In doing so, NLE follows our traditional governance to create a path and to leave a handprint that is of the greatest importance for our natural laws for future generations.
TC energy Media inquiries:
403.920.7859 or 800.608.7859
TC energy Investor & Analyst IRequests:
David Moneta / Hunter Mau
403.920.7911 or 800.361.6522
Law of nature energy Media inquiries:
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