23 First Nation and Métis communities to acquire a 11.57% stake in seven pipelines in Athabasca from Enbridge for $1.12bn.

23 First Nation and Métis communities to acquire a 11.57% stake in seven pipelines in Athabasca from Enbridge, a firm that owns extensive midstream assets that transport hydrocarbons, for $1.12bn. "We are very pleased to be joining our Indigenous partners in this landmark collaboration. 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," Al Monaco, Enbridge President and CEO.