Boughton Law jointly represented 23 Alberta-based indigenous communities in their acquisition, for $1.1 billion, of an 11.57% equity interest in seven Enbridge-operated pipelines in the Athabasca region. This acquisition is the single largest indigenous energy transaction in North America. The pipeline assets are underpinned by long-term contracts and highly-predictable cash flows.
Athabasca Indigenous Investments Limited Partnership (Aii) is the special purpose partnership which, through a subsidiary, holds the 11.57% equity interest in the seven pipelines.
The indigenous communities which hold the equity of Aii are:
|Beaver Lake Cree Nation||Cold Lake First Nations||Frog Lake First Nation|
|Heart Lake First Nation||Kehewin Cree Nation||Onion Lake Cree Nation|
|Saddle Lake Cree Nation||Whitefish Lake First Nation (Goodfish)||Athabasca Chipewyan First Nation|
|Chipewyan Prairie First Nation||Fort McKay First Nation||Fort McMurray #468 First Nation|
|Mikisew Cree First Nation||Buffalo Lake Métis Settlement||Elizabeth Métis Settlement|
|Fishing Lake Métis Settlement||Kikino Métis Settlement||Fort McKay Métis Nation|
|Chard Métis Nation||Willow Lake Métis Nation||Conklin Métis Local 193|
|Fort Chipewyan Métis Local 125||Fort McMurray Métis Local 1935|