Indigenous group acquires minority stake in ‘historic’ pipeline deal – St. Albert Today
The deal with Enbridge is the largest energy-related Indigenous economic partnership in North America.
Several indigenous communities have banded together and acquired a stake in multiple Enbridge pipeline projects, the province announced last week.
On Wednesday, Sept. 28, the provincial government announced Enbridge Inc. has signed a deal to sell a minority stake in seven pipeline projects in the Athabasca region, worth $1.2 billion, to 23 Treaty 6 and Treaty 8 First Nation and Métis communities.
The deal is the largest energy-related Indigenous economic partnership in North America. The new group of First Nation and Métis communities, known as Athabasca Indigenous Investments (Aii), is made up of Cree, Dene, and Métis communities in the northeast region of Alberta.
