11.57% ownership interest in a portfolio of seven liquids pipelines carrying 1.7 million bbl/d, or 45% of total supply, from the Athabasca region to terminals in Edmonton and Hardisty.
$250 million loan guarantee
Location
Athabasca Region
Date Completed
August 2023
Indigenous Community Partners
Athabasca Chipewyan First Nation, Chipewyan Prairie First Nation, Kehewin Cree Nation, Onion Lake Cree Nation, Saddle Lake Cree Nation, Whitefish (Goodfish) Lake First Nation, Fort McMurray First Nation, Mikisew Cree First Nation, Beaver Lake Cree Nation, Cold Lake First Nation, Frog Lake First Nation, Fort McKay First Nation, Heart Lake First Nation, Buffalo Lake Metis Settlement, Elizabeth Lake Metis Settlement, Fishing Lake Metis Settlement, Kikino Metis Settlement, Fort McKay Metis Nation, Chard Metis Nation Local #218, Conklin Resource Development Advisory Committee Local #193, Fort Chipewyan Metis Local #125, Fort McMurray Metis Local #1935, Willow Lake Metis Nation
Project Partners
Enbridge
"On behalf of the Indigenous partners, we are proud to become equity owners in these high-quality assets which contribute to North American energy supply and security. Our partner logo theme – Seven Pipelines, Seven Generations – speaks to the long-term value potential of these assets, which will help enhance quality of life in our communities for many years to come."
Justin Bourque, President of Athabasca Indigenous Investments
