Alberta
EAST TANK FARM EQUITY ARRANGEMENT
EAST TANK FARM EQUITY ARRANGEMENT
In the fall of 2017 Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) announced the completion of the acquisition by FMFN and MCFN of a 49 per cent interest in the East Tank Farm Development (ETFD) valued at approximately $500 million. The two First Nations independently financed the acquisition, with the offering structured and marketed by RBC Capital Markets.
The agreement is unprecedented in size and scale for the First Nations and Suncor and is part of a growing trend of Indigenous communities as equity owners. The investment will provide a steady stream of revenue to both FMFN and MCFN for a minimum period of 25 years. Located 35 kilometres north of Fort McMurray, the ETFD provides storage, cooling and blending services for bitumen received from Fort Hills.
At a signing ceremony on Nov. 22, 2017, Suncor, Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) announced the completion of the acquisition by FMFN and MCFN of a 49 per cent interest in Suncor’s East Tank Farm Development (ETFD).
The two First Nations independently financed the acquisition, with the offering structured and marketed by RBC Capital Markets. The agreement is unprecedented in size and scale for the First Nations and Suncor and is part of a growing trend of Indigenous communities as equity owners.
“We’ve completed a historic deal for energy development in Canada. This unique partnership has been part of a journey that demonstrates how innovative thinking and collaborative spirit can result in a mutually- beneficial opportunity and it has changed the way Suncor thinks about how our Aboriginal neighbours may participate in energy development,” said Mark Little, president, Upstream, at the time of the signing and now Suncor’s president and CEO. “Through this partnership we’ve learned a lot about working together to create something significant, and I look forward to continuing to work together on this joint investment with Fort McKay First Nation and Mikisew Cree First Nation for many years to come.”
The agreement is held in a limited partnership with Suncor called Thebacha, the Dene word for “river.” The investment will provide a steady stream of revenue to both FMFN and MCFN for a minimum period of 25 years.
“The economic benefits generated from this deal will help our Nation to build capacity within our businesses, develop infrastructure in our community, fund social economic programs, and provide us with the means to help pay for education and training for our youth, and will be felt in our community for generations to come,” says MCFN Chief Archie Waquan.
Located 35 kilometres north of Fort McMurray, the ETFD is part of the existing East Tank Farm and adjoins the Hot Bitumen Terminal (HBT) and its associated tanks. Once Fort Hills begins to produce bitumen, the ETFD will receive the Fort Hills hot bitumen via the Northern Courier Pipeline.
“The deal represents one of the largest business investment to date by First Nation entities in Canada, and not only demonstrates the great potential for partnerships between First Nations and industry but serves as a model for how First Nations can achieve greater self-determination through financial independence,” said, FMFN Chief Jim Boucher, Chief at the time of the signing. “It is an example of how First Nations and natural resource development companies can find ways to support each other for the mutual long-term benefits.”
Thanks to Todayville for helping us bring our members’ stories of collaboration and innovation to the public.
Click to read a foreward from JP Gladu, Chief Development and Relations Officer, Steel River Group; Former President and CEO, Canadian Council for Aboriginal Business.
JP Gladu, Chief Development and Relations Officer, Steel River Group; Former President & CEO, Canadian Council for Aboriginal Business
Click to read comments about this series from Jacob Irving, President of the Energy Council of Canada.
Jacob Irving, President of Energy Council of Canada
The Canadian Energy Compendium is an annual initiative by the Energy Council of Canada to provide an opportunity for cross-sectoral collaboration and discussion on current topics in Canada’s energy sector. The 2020 Canadian Energy Compendium: Innovations in Energy Efficiency is due to be released November 2020.
Read more on Todayville.
Hydro-Québec takes partnerships, environmental measures and sharing of wealth to new levels
Alberta
Emissions Reduction Alberta offering financial boost for the next transformative drilling idea
From the Canadian Energy Centre
$35-million Alberta challenge targets next-gen drilling opportunities
‘All transformative ideas are really eligible’
Forget the old image of a straight vertical oil and gas well.
In Western Canada, engineers now steer wells for kilometres underground with remarkable precision, tapping vast energy resources from a single spot on the surface.
The sector is continually evolving as operators pursue next-generation drilling technologies that lower costs while opening new opportunities and reducing environmental impacts.
But many promising innovations never reach the market because of high development costs and limited opportunities for real-world testing, according to Emissions Reduction Alberta (ERA).
That’s why ERA is launching the Drilling Technology Challenge, which will invest up to $35 million to advance new drilling and subsurface technologies.
“The focus isn’t just on drilling, it’s about building our future economy, helping reduce emissions, creating new industries and making sure we remain a responsible leader in energy development for decades to come,” said ERA CEO Justin Riemer.
And it’s not just about oil and gas. ERA says emerging technologies can unlock new resource opportunities such as geothermal energy, deep geological CO₂ storage and critical minerals extraction.
“Alberta’s wealth comes from our natural resources, most of which are extracted through drilling and other subsurface technologies,” said Gurpreet Lail, CEO of Enserva, which represents energy service companies.
ERA funding for the challenge will range from $250,000 to $8 million per project.
Eligible technologies include advanced drilling systems, downhole tools and sensors; AI-enabled automation and optimization; low-impact rigs and fluids; geothermal and critical mineral drilling applications; and supporting infrastructure like mobile labs and simulation platforms.
“All transformative ideas are really eligible for this call,” Riemer said, noting that AI-based technologies are likely to play a growing role.
“I think what we’re seeing is that the wells of the future are going to be guided by smart sensors and real-time data. You’re going to have a lot of AI-driven controls that help operators make instant decisions and avoid problems.”
Applications for the Drilling Technology Challenge close January 29, 2026.
The Police Review Commission (PRC) is now fully operational, giving Albertans a single, independent process to file policing complaints and ensure accountability.
Alberta’s government is putting the province at the forefront of police oversight in Canada with the creation of the PRC. This new commission replaces the current patchwork of police investigating police with one independent body responsible for receiving complaints, conducting investigations and overseeing disciplinary hearings. By centralizing these functions within a single, independent agency, Alberta is ensuring complaints are handled fairly and consistently.
“The Police Review Commission represents a new era in how Alberta addresses policing complaints. These changes are part of a broader paradigm shift where police are no longer seen as an arm of the state, but rather an extension and a reflection of the community they serve. As an independent agency, it is committed to fairness, accountability and public trust, ensuring every complaint is investigated impartially and resolved openly.”
The Police Amendment Act, 2022 laid the groundwork for this new model, establishing a modern approach to oversight built on accountability, consistency and public confidence. The PRC will manage the full complaints process from receiving and assessing, to investigating and resolving complaints related to police conduct, including serious incidents and statutory offences.
“The Alberta Association of Chiefs of Police welcomes the launch of the Police Review Commission as a meaningful step toward enhanced oversight and greater transparency in policing. By ensuring complaints are reviewed fairly and impartially, the Commission will help strengthen accountability and reinforce public trust in Alberta’s police agencies. Police leaders across the province are committed to working with the Commission and our communities to ensure every Albertan has confidence in the integrity of our police services.”
A timely and transparent complaint resolution process is essential for both the public and police. That is why the PRC must complete investigations within 180 days, and if more time is needed, the chief executive officer must publicly report on delays and provide justification. This ensures clarity, predictability and accountability throughout the process. The commission will be arm’s length from government and police services, meaning people can have greater confidence that their complaints will be investigated and resolved impartially.
“Our goal is to build trust in policing by delivering timely resolutions and fair, consistent outcomes that put people first. Every complaint will be reviewed thoroughly and handled with the transparency and respect Albertans expect and deserve.”
The PRC can also initiate systemic reviews related to police conduct or emerging trends without the need for a public complaint, and these reviews must be made public. Together, these measures create a clear, accountable process that strengthens transparency, supports continuous improvement and enhances trust in how police oversight is carried out across Alberta.
“Public safety and the confidence the public has in our police services and service members are incumbent for effective and responsible service delivery. The PRC has been developed so that Albertans may have a responsible and impartial mechanism to voice concerns regarding delivery of policing services in Alberta. I am confident that the PRC will be an inclusive and diverse representation of the communities, so we may better understand the most appropriate and effective way to respond to concerns regarding police services. I look forward to the positive outcomes for the community.”
The commission’s design was informed by engagement with Indigenous communities, law enforcement partners, municipal officials and community organizations, ensuring its structure and training reflect Alberta’s diversity and values.
Quick facts
- The PRC will handle complaints in three categories:
- Level 1: Death, serious injury and serious or sensitive allegations involving all police services in Alberta, as well as peace officer agencies.
- Level 2: Allegations of criminal and other statutory offences involving all police services in Alberta.
- Level 3: Complaints about non-criminal misconduct involving officers employed by municipal and First Nations police services.
- Complaints that fall outside the three categories will be referred to the appropriate bodies or agencies for review.
- The Alberta Serious Incident Response Team (ASIRT) will now operate under the PRC.
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