Athabasca Indigenous Investments

2022 saw the groundbreaking partnership between Enbridge Inc. and 23 First Nation and Métis communities, culminating in the creation of Athabasca Indigenous Investments (Aii). This historic collaboration sees the Indigenous communities acquiring an 11.57% non-operating interest in seven Enbridge-operated pipelines in northern Alberta for $1.12 billion, marking the largest energy-related Indigenous economic partnership transaction in North America.
Under the stewardship of Aii, this investment not only exemplifies a successful alliance between Enbridge and Indigenous communities but also underscores their shared commitment to environmental stewardship and ownership of critical energy infrastructure. The partnership aligns with Enbridge’s Indigenous Reconciliation Action Plan (IRAP), reinforcing the company’s engagement with Indigenous communities and employees while promoting economic empowerment and sovereignty.
The pipelines included in the transaction, namely the Athabasca, Wood Buffalo/Athabasca Twin, Norlite Diluent, Waupisoo, Wood Buffalo, Woodland, and Woodland extension, offer long-term contracts and highly predictable cash flows, further enhancing the economic prospects for the Indigenous partners. The investment reflects a mutual dedication to long-term value creation, encapsulated in the partner logo theme “Seven Pipelines, Seven Generations.”

Chief Greg Desjarlais of Frog Lake First Nation expressed enthusiasm for the opportunity to generate wealth and promote economic sovereignty within the Athabasca region, emphasizing the alignment of Indigenous values with Enbridge’s commitment to environmental stewardship. Similarly, Stan Delorme, Chairperson of Buffalo Lake Métis Settlement, highlighted the importance of ongoing benefits to Indigenous communities and signaled a positive trajectory in the relationship between Enbridge and the local Indigenous populations.

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