The Calgary pipeline company, formerly known as TransCanada, said it met a “transaction structuring issue” in its proposed plan to sell a minority equity stake in the sprawling NGTL pipeline system to a consortium of First Nations. (The Logic)

Talking point: Energy companies have been looking to sell equity stakes in their projects to First Nations groups as a way to gain public approval, and in recent years have been urging the federal government to help finance such transactions. But TC Energy’s delayed sale underscores the complicated nature of reaching agreements with numerous individual communities at once. In July, the company announced it would sell a 5.34 per cent stake in NGTL, a massive 24,000-kilometre natural gas pipeline network and a critical conduit for energy companies in B.C. and Alberta.