Making History: Enbridge Partners with Indigenous Communities on Pipelines

ARC ENERGY IDEAS

In September 2022, Enbridge and 23 First Nations and Metis communities announced that the Indigenous groups would buy an 11.57% non-operating interest in Enbridge operated pipelines in the Athabasca region of northern Alberta for $1.12 Billion – it has been called the first of its kind and an historic announcement.
This week, Justin Bourque, President of Athabasca Indigenous Investments and Colin Gruending, Enbridge’s Executive Vice President and President of Liquids Pipelines join the podcast to tell us more about the agreement.

Here are some of the questions Peter and Jackie asked Justin and Colin: How will the agreement help the 23 communities who are now equity partners in the pipeline system? How did Athabasca Indigenous Investments finance their share of the pipeline for over $1 billion? What was the process like – who made the first phone call and how long did it take to come to an agreement? Do you foresee more equity partnerships occurring in the future? What is your advice for how companies should participate in Indigenous reconciliation?

Content referenced in this podcast:

• Book Recommendation: 21 Things You May Not Know About the Indian Act by Bob Joseph
• Enbridge’s Indigenous Reconciliation Action Plan including the artwork of Jason Carter
• Athabasca Indigenous Investments

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To see a transcript of this podcast, visit the link (scroll part way down the page): Making History: Enbridge Partners with Indigenous Communities on Pipelines (arcenergyinstitute.com)