EENNBBRRIIDDGGEE ENGAGEMENT WITH COMMUNITY Enbridge engages regularly with hundreds of REDEFINING THE MEANING OF Indigenous Nations, Tribes, Governments and Groups across North America. Many have a keen interest in INDIGENOUS PARTNERSHIP resource development opportunities to build economic prosperity—and economic sovereignty—for Exploring potential financial partnerships, including their people. equity partnerships, is an example of the kind of commitment we made in our first-ever Indigenous Through our journey as one of North America’s Reconciliation Action Plan (IRAP), which built on a leading energy infrastructure companies, we growing track record of engagement with Indigenous recognize that Indigenous communities want to be communities and Employees. engaged in the energy transition—through the full life cycle of energy assets. Today, we are walking the walk, so to speak. With this in mind, in 2018 we adopted a company- In September 2022, Enbridge and Athabasca wide approach to engagement based on respect for Indigenous Investments announced the largest culture and the intimate connection Indigenous energy-related Indigenous partnership transaction in people have to the land, water and the environment. North America to that date. We are proud of that Changing the lens through which we all view our milestone agreement, which was our first involving relationships with Indigenous people is a big part of existing assets. reconciliation. It represents the type of change needed across industry to better align business and We’ve also forged partnerships on new projects like Indigenous interests. the East-West Tie power transmission line in northwestern Ontario and the proposed Wabamun We define equity partnership in the following carbon capture and storage project near Edmonton, manner: An equity partner receives a financial share which will be co-developed—and ultimately co- or ownership percentage in a proposed project or owned—with local Indigenous equity partners. identified assets, may be involved in decision-making, governance and oversight, and assumes some level of operational risk. Given our approach, we are often asked how Enbridge benefits from Indigenous financial partnerships.We respond with the following: Financial partnerships give us an opportunity to strengthen relationships with Indigenous communities and, as importantly, they give those communities an opportunity to benefit financially. Further, we recognize the value of partnering with Indigenous groups that have an intimate connection 15 to the land and environment. As it explains in our IRAP, we are committed to building on our growing 2 0 track record of engagement with Indigenous E U communities and employees—incorporating advice S S I into facility siting, environmental and cultural | monitoring, training and procurement opportunities 4 2 0 and financial partnerships. 2 R E B M E T P E S
LIUNA Western Canada Sub-Region Indigenous Magazine 2024. Page 16 Page 18