Mikisew Group is dedicated to establishing genuine, engaged partnerships with each of our top-tier investment partners. Through our collaborative approach, we strive to align our goals as seamlessly as possible, fostering the development of mutual trust, expertise, and capacity. Our investments aim to secure profitable returns that support the success and growth of the Mikisew Cree First Nation. We are committed to promoting capacity building in the realm of private equity and infrastructure investments while upholding our mandate to support responsible and sustainable investment practices, positively impacting the communities where our investments are made.
Mikisew Cree First Nation, in partnership with 22 other First Nation and Métis communities, has acquired an 11.57% collective non-operating interest in seven Enbridge-operated pipelines in northern Alberta, for $1.12 billion. The seven pipelines involved in the deal move almost half of all the crude oil from Northern Alberta’s oil sands.
The newly created corporate entity, Athabasca Indigenous Investments (Aii), will steward the investment, representing the 23 Indigenous and Métis communities involved in the deal.
Pipelines included in the transaction are the Athabasca, Wood Buffalo/Athabasca Twin and associated tanks; Norlite Diluent; Waupisoo; Wood Buffalo; Woodland; and the Woodland extension. These assets are underpinned by long-life resources and long-term contracts, which provide highly predictable cash flows.