Enbridge Landmark Equity Partnership

In February 2019 Willow Lake Métis Nation formalized a relationship with Enbridge. Enbridge has been a strong supporter of the Nation through their transition towards self-governance. Enbridge is a strong believer in Indigenous ownership and we are continually pleased to find new avenues to work with one another. 

"We are very pleased to be joining our Indigenous partners in this landmark collaboration," said Al Monaco, President and Chief Executive Officer of Enbridge. "We believe this partnership exemplifies how Enbridge and Indigenous communities can work together, not only in stewarding the environment, but also in owning and operating critical energy infrastructure. We are looking forward to working with the Aii and deepening our relationship well into the future. This also fully aligns with our priority to recycle capital at attractive valuations, which can be used to fund numerous growth opportunities within our conventional and low carbon platforms."

This investment by Aii also fits well with commitments Enbridge made in its recently released Indigenous Reconciliation Action Plan (IRAP), building on a growing track record of engagement with Indigenous communities and employees. The IRAP incorporates advice into facility siting, environmental and cultural monitoring, employment, training and procurement opportunities and, most recently, financial partnerships such as the proposed Wabamun Carbon Hub.

Pipelines included in the transaction are the Athabasca, Wood Buffalo/Athabasca Twin and associated tanks; Norlite Diluent; Waupisoo; Wood Buffalo; Woodland; and the Woodland extension. These assets are underpinned by long-life resources and long-term contracts, which provide highly predictable cash flows.

Justin Bourque, President of Athabasca Indigenous Investments (centre), and Enbridge’s Al Monaco (left) President and Chief Executive Officer and Colin Gruending (Executive Vice President & President, Liquids Pipelines) display a freshly signed document to commemorate the largest Indigenous energy related partnership transaction in North America to date. They were joined in doing so by representatives of the 23 First Nations and Métis communities that make up the partnership.