Suncor today announced the signing of agreements with eight Indigenous communities in the Regional Municipality of Wood Buffalo 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 …
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 Nation | Chipewyan Prairie First Nation |
| Conklin Métis Local 193 | Fort Chipewyan Métis Local #125 |
| Fort McKay Métis Nation | McMurray Métis |
| Fort McMurray #468 First Nation | Willow Lake Métis Nation |
With this collaboration in mind, Suncor obtained the rights to purchase all of TC Energy’s 15 per cent equity interest...
Read Full Story: https://investingnews.com/news/oil-and-gas-investing/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/
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