Suncor Energy forms partnership with eight Indigenous communities in the Regional Municipality of Wood Buffalo to acquire an equity interest in the Northern Courier Pipeline
Suncor Energy Inc. (SU)
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Source: GlobeNewswire
CALGARY, Alberta, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Suncor today announced the signing of agreements with eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB) to acquire all of TC Energy’s 15 per cent equity interest in the Northern Courier Pipeline Limited Partnership. This historic partnership includes Suncor, three First Nations and five Métis communities who will own a 15 per cent stake in this pipeline asset with a value of approximately $1.3 billion, which will provide long-term, stable revenues that will benefit the communities for decades to come. The purchase of Northern Courier Pipeline will be completed by Astisiy Limited Partnership (Astisiy), which is comprised of Suncor and a partnership of the following communities: Athabasca Chipewyan First NationChipewyan Prairie First NationConklin Métis Local 193Fort Chipewyan Métis Local #125Fort McKay Métis NationMcMurray MétisFort McMurray #468 First NationWillow Lake Métis Nation With this collabo
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