WorldWide Drilling Resource

9 NOVEMBER 2022 WorldWide Drilling Resource® Equity Pipeline Partnership Formed Energy infrastructure company Enbridge and 23 First Nation and Métis communities announced the landmark agreement where the communities acquire, collectively through a newly created organization called Athabasca Indigenous Investments (Aii), an 11.57% interest in seven Enbridge-operated pipelines in the Athabasca region of northern Alberta, Canada. The investment by Aii fits 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. IRAP incorporates advice into facility siting, environmental and cultural monitoring, employment, training and procurement opportunities, and financial partnerships. “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.” The seven pipeline assets are underpinned by long-life resources and long-term contracts, which provide highly predictable cash flows. “Our partner logo theme Seven Pipelines, Seven Generations speaks to the long-term value potential of these assets, which will help enhance quality of life in our communities for many years to come,” said Justin Bourque, Aii president. For a link to this website, visit this page at: worldwidedrillingresource.com

RkJQdWJsaXNoZXIy NDk4Mzk=