Astisiy: Suncor forms partnership with eight Indigenous communities

Suncor has signed agreements with eight Indigenous communities in the Regional Municipality of Wood Buffalo – including Fort McMurray 468 First Nation – to acquire all of TC Energy’s 15 per cent equity interest in the Northern Courier Pipeline Limited Partnership.

Through the Astisiy Limited Partnership, Suncor and its Indigenous community partners will own a 15 per cent stake in this pipeline asset valued at approximately $1.3 billion.

The agreement is expected to provide long-term, stable revenues that will benefit the Indigenous communities for decades to come.

Read the full news release.