Enbridge sells minority stake in 7 pipelines to Indigenous communities

Enbridge Inc. has signed a deal to sell a minority stake in seven pipelines in the Athabasca region of northern Alberta to a group of 23 First Nation and Métis communities for $1.12 billion. Athabasca Indigenous Investments, a limited partnership of 23 Treaty 6 and Treaty 8 First Nations and Métis communities, will manage the investment which includes an 11.57 per cent non-operating interest in the pipelines. Enbridge chief executive Al Monaco says the partnership exemplifies how E