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Historic Energy Deal Boosts Economic Reconciliation

Premier Danielle Smith, Minister of Indigenous Relations Rick Wilson and Minister of Energy and Minerals Brian Jean issued the following statement on a landmark energy partnership:

“We are so pleased to confirm a historic investment agreement between TC Energy and many Indigenous communities across western Canada, which was made possible because of an unprecedented $1-billion loan guarantee by the Alberta Indigenous Opportunities Corporation (AIOC).

“We want to thank all the partners involved for working tirelessly in the spirit of collaboration to make this a reality. The AIOC continues to break down barriers, build bridges and support Indigenous ownership and inclusion in some of Alberta’s most vital projects.   

“When complete, this landmark deal will be the largest Indigenous equity ownership agreement in Canadian history, creating significant new revenue streams for the unprecedented number of Indigenous communities involved in Alberta, British Columbia and Saskatchewan.

“The AIOC is truly a game-changer and a major part of a suite of Alberta government initiatives focused on economic reconciliation. This important work is about ensuring Indigenous Peoples are included at every level of the economy – as owners, workers and partners. This is another example of Alberta’s commitment to reconcili-action.”

“Once again, many thanks to our partners in Indigenous communities across western Canada, TC Energy and the AIOC for helping all of us walk the path of reconciliation together.”