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First Nations, Métis and Suncor buy pipeline stake in $40-million partnership

Alberta Indigenous Opportunities Corporation Provides up to $40 Million Guarantee to Support Eight Indigenous Communities in Financing of Northern Courier Pipeline System The loan guarantee will support Indigenous Communities in the Wood Buffalo region take a significant equity interest in energy infrastructure within their traditional territories

Alberta Indigenous Opportunities Corporation Provides up to $40 Million Guarantee to Support Eight Indigenous Communities in Financing of Northern Courier Pipeline System The loan guarantee will support Indigenous Communities in the Wood Buffalo region take a significant equity interest in energy infrastructure within their traditional territories
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At least $23 billion spent supporting pipelines since 2018

International Institute for Sustainable Development policy adviser Vanessa Corkal with documents obtained through access to information. Photo courtesy of IISD Listen to article Since 2018, governments in Canada have pumped at least $23 billion worth of support into three megaproject pipelines designed to move giant amounts of oil and gas to international markets, undermining Ottawa’s commitment to lower greenhouse gas emissions, says a new report from the International Institute for Sustainable Development (IISD). Those pipelines are Trans Mountain, Coastal GasLink, and Keystone XL. The IISD found that since the COVID-19 pandemic hit, governments supplied those projects with at least $10 billion worth of support.

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