Local Indigenous communities in Alberta to have ownership stake in future
carbon transportation and storage projects
EDMONTON, ALBERTA , TREATY 6,
Feb. 3,
2022 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE:
ENB) and the First Nation Capital Investment Partnership (FNCIP)
have reached an agreement to advance the proposed Open Access
Wabamun Carbon Hub (the Hub) west of Edmonton. The Hub is being developed as an
innovative combination of carbon transportation and storage
solutions to support recently announced carbon capture projects
from Capital Power Corporation (Capital Power), Lehigh Hanson
Materials Limited (Lehigh Cement), and potentially others.
Four Treaty 6 Nations – Alexander First
Nation, Alexis Nakota Sioux Nation, Enoch Cree Nation and Paul First Nation – recently formed the FNCIP to
pursue ownership in major infrastructure projects with commercial
partners who share Indigenous values – the Hub is the FNCIP's first
partnership. The Lac Ste. Anne Métis Community will also have an
opportunity to pursue ownership in future carbon transportation and
storage projects associated with the Hub.
"This path creates an opportunity to generate wealth, but more
importantly it allows sustainable economic sovereignty for our
communities. We are creating a healthy future for the next seven
generations to thrive," said Chief of Alexander First Nation, George Arcand Jr. "We're looking forward to
working with industry leaders who share our values of environmental
stewardship and to collaborate with Enbridge on world-scale carbon
transportation and storage infrastructure investments."
"We welcome the opportunity to partner with these Treaty 6 First
Nations and the Lac Ste. Anne Métis Community as equity owners in
the carbon transportation and storage projects being developed
within the Open Access Wabamun Carbon Hub," said Colin Gruending, Executive Vice President and
President, Liquids Pipelines with Enbridge. "We see Indigenous
economic partnerships like this as critical to advancing
reconciliation and delivering world-class projects."
Once built, the Hub will be among the largest integrated carbon
transportation and storage projects in the world. Capital Power and
Lehigh Cement's planned carbon capture projects represent an
opportunity to avoid nearly four million tonnes of atmospheric CO2
emissions.
With support of local Indigenous groups, Capital Power, and
Lehigh Cement, Enbridge has applied to develop the open access Hub
through the Government of Alberta's Request for Full
Project Proposals process.
About this collaboration
The four Treaty 6 First Nations involved in this collaboration
represent, collectively, more than 10,000 on- and off-reserve
members. Participating groups include:
Alexander First
Nation is a Treaty 6 First Nation located west of
Morinville, Alberta. Alexander First Nation has a mission to protect
Inherent Treaty Rights through tactical initiatives, community
enhancement, law development and continuous improvement.
Alexis Nakota Sioux Nation is a Treaty 6
First Nation located west of Edmonton. Alexis Nakota Sioux Nation focuses
on protecting Inherent Treaty Rights, maintaining the community's
culture, language, history, and customs, working with the Elders
and staff to revive tribal laws, building businesses, generating
capital, improving education services, advancing wellness and
supporting equity, justice and the development of future
generations.
Enoch Cree
Nation is a Treaty 6 First Nation located on
Edmonton's western border.
Enoch Cree Nation has a mandate to
work collectively towards an atmosphere of respect and trust for
the community by providing opportunities, resources and programs
that will enhance the quality of life for future generations to
work and prosper.
Paul First
Nation is a Treaty 6 First Nation located on the eastern
shore of Lake Wabamun, Alberta
(Wabamun Indian Reserve #133 A & B). Paul First Nation is a mix of Cree and Nakoda
origin. Priorities of Paul First
Nation include the ongoing development of land, fiscal,
protection of the environment and human resources, seeking business
and employment opportunities within the province and abroad for the
benefit of members and the fair distribution of benefits and
opportunities.
Enbridge Forward-Looking
Information
Forward-looking information, or
forward-looking statements, have been included in this news release
to provide information about Enbridge Inc. ("Enbridge" or the
"Company") and its subsidiaries and affiliates, including
management's assessment of Enbridge and its subsidiaries' future
plans and operations. This information may not be appropriate for
other purposes. Forward-looking statements are typically identified
by words such as ''anticipate'', ''expect'', ''project'',
''estimate'', ''forecast'', ''plan'', ''intend'', ''target'',
''believe'', "likely" and similar words suggesting future outcomes
or statements regarding an outlook. Forward-looking information or
statements in this news release include statements with respect to
Enbridge's proposed Open Access Wabamun Carbon Hub and its
agreement with First Nation Capital Investment Partnership,
including the characteristics and benefits thereof.
Although Enbridge believes these forward-looking
statements are reasonable based on the information available on the
date such statements are made and processes used to prepare the
information, such statements are not guarantees of future
performance and readers are cautioned against placing undue
reliance on forward-looking statements. By their nature, these
statements involve a variety of assumptions, known and unknown
risks and uncertainties and other factors, which may cause actual
results, levels of activity and achievements to differ materially
from those expressed or implied by such statements. Assumptions
regarding the expected supply of and demand for crude oil, natural
gas, natural gas liquids and renewable energy, and the prices of
these commodities, are material to and underlie all forward-looking
statements, as they may impact current and future levels of demand
for the Company's services. Similarly, energy transition, including
the drivers and pace thereof, the COVID-19 pandemic, exchange
rates, inflation and interest rates impact the economies and
business environments in which the Company operates and may impact
levels of demand for the Company's services and cost of inputs, and
are therefore inherent in all forward-looking statements. Due to
the interdependencies and correlation of these macroeconomic
factors, the impact of any one assumption on a forward-looking
statement cannot be determined with certainty. The most relevant
assumptions associated with forward-looking statements on announced
projects and projects under construction, including estimated
in-service dates, include the following: the impact of litigation
and government, regulatory and stakeholder actions and approvals on
construction and in-service schedules; the availability and price
of labour and construction materials; the effects of inflation and
foreign exchange rates on labour and material costs; the effects of
interest rates on borrowing costs; technology-related matters; and
the impact of weather.
Enbridge's forward-looking statements are subject to
risks and uncertainties, including, but not limited to those risks
and uncertainties discussed in this news release and in the
Company's other filings with Canadian and United States securities regulators. The
impact of any one risk, uncertainty or factor on a particular
forward-looking statement is not determinable with certainty as
these are interdependent and Enbridge's future course of action
depends on management's assessment of all information available at
the relevant time. Except to the extent required by applicable law,
Enbridge assumes no obligation to publicly update or revise any
forward-looking statements made in this news release or otherwise,
whether as a result of new information, future events or otherwise.
All subsequent forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on the Company's behalf,
are expressly qualified in their entirety by these cautionary
statements.
About First Nation Capital Investment
Partnership:
This alliance is an entrepreneurial
partnership between Alexander First
Nation, Alexis Nakota Sioux Nation, Enoch Cree Nation, and Paul First Nation built on shared values. First
Nation Capital Investment Partnership works together to pursue
ownership in major infrastructure assets and projects. The vision
is that First Nation Capital Investment Partnership will serve to
create intergenerational wealth in our communities – ensuring a
vibrant, healthy future for our Peoples.
About Enbridge Inc.
Enbridge Inc. is a
leading North American energy infrastructure company. We safely and
reliably deliver the energy people need and want to fuel quality of
life. Our core businesses include Liquids Pipelines, which
transports approximately 25 percent of the crude oil produced
in North
America; Gas Transmission and Midstream, which
transports approximately 20 percent of the natural gas consumed in
the U.S.; Gas Distribution and Storage, which serves approximately
3.8 million retail customers in Ontario and Quebec;
and Renewable Power Generation, which owns approximately 1,766
megawatts (net) in renewable power generation capacity
in North
America and Europe. The Company's common shares
trade on the Toronto and New
York stock exchanges under the symbol ENB.
For more information, visit www.enbridge.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Enbridge
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pipikwan pêhtâkwan
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Jesse Semko
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Jill
McKenzie
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Toll Free: (888)
992-0997
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Phone: (902) 830
0814
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Email:
media@enbridge.com
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Email:
jill@pipikwanpehtakwan
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SOURCE Enbridge Inc.