In December 2023, the AIOC provided a $150 million loan guarantee to support the 12 Indigenous Communities of Wapiscanis Waseskwan Nipiy Limited Partnership in financing an equity investment in oil and gas midstream infrastructure in the Clearwater play in Northern Alberta.
$150 million loan guarantee
Location
Clearwater, Northern Alberta
Date Completed
December 2023
Indigenous Community Partners
Driftpile Cree Nation
Project Partners
Tamarack Valley Energy
"Our ownership in WWN will provide much needed revenues for Indigenous people for decades, while at the same time giving our people experience in the business community. We are thankful to Tamarack and AIOC for this opportunity and look forward to continuing to build on the success achieved to date."
Chief Gilbert Okemow Peerless Trout First Nation
