Enbridge and 23 First Nation and Métis communities – including Fort McMurray 468 First Nation – have announced an agreement that will see the communities acquire a non-operating interest in seven Enbridge pipelines in the Athabasca region of northern Alberta.
A newly created entity, Athabasca Indigenous Investments, will steward this investment. Valued at $1.12 billion, it represents the largest energy-related Indigenous economic partnership transaction in North America to date.