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Transactions - FEBRUARY 7, 2022

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Enbridge signs carbon-capture hub project with First Nation Capital Investment Partnership

by Kali Persall

Enbridge and the First Nation Capital Investment Partnership (FNCIP), a partnership consisting of four Treaty 6 Nations — Alexander First Nation, Alexis Nakota Sioux Nation, Enoch Cree Nation and Paul First Nation — to advance the proposed Open Access Wabamun Carbon Hub in Canada.

The hub is being developed to support recently announced carbon-capture projects from Capital Power, Lehigh Hanson Materials and potentially others. These planned carbon-capture projects represent an opportunity to avoid nearly 4 million tons of atmospheric carbon-dioxide emissions.

Once constructed, the hub will be one of the largest integrated carbon transportation and storage projects in the world.

“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 George Arcand Jr., chief of Alexander First Nation. “We're

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