Fort McKay First Nation and Suncor Energy have recently declared their collaboration on a potential oilsands lease development situated on the northeastern part of the reserve lands.
The project, set in the heart of Fort McKay reserve lands within the Wood Buffalo region and the traditional territories of the Fort McKay First Nation, will see exploratory efforts on Lease 174C.
A memorandum of understanding (MOU) between the two parties outlines Suncor’s commitment to preliminary technical and commercial evaluations to ascertain the volume and quality of economically viable ore that can be mined, as announced in a press release by the First Nation.
Fort McKay First Nation Chief Raymond Powder emphasized that this partnership lays the groundwork for enduring prosperity, growth, and health for the community, highlighting a commitment to environmental stewardship. Chief Powder articulated the broader implications of the initiative, emphasizing its role in affirming First Nation sovereignty and environmental stewardship alongside economic and community development.
The initiative, following years of dialogue, was lauded by both sides. Suncor’s executive vice-president, Peter Zebedee, expressed pride in the collaboration, noting it offers Fort McKay First Nation significant control over oilsands operations on their territory, aligning with Suncor’s long-term bitumen supply strategies beyond 2040.
This agreement builds on previous collaborations, notably the 2017 investment by Fort McKay and Mikisew Cree First Nations in Suncor’s East Tank Farm Development, marking a significant Indigenous investment in Canada.
The collaboration stands as a testament to the potential for mutually beneficial partnerships between industry and Indigenous communities, promising substantial economic and social returns.
Both parties acknowledged the support from federal and provincial authorities and the Wood Buffalo region. Chief Powder hailed the partnership as a milestone in achieving sustainable development and prosperity for the Fort McKay people, aligning with broader reconciliation efforts.
Alberta’s Energy Minister, Brian Jean, expressed enthusiasm and optimism at the announcement, highlighting the initiative’s significance for Northern Alberta’s economic development amidst national debates on the future of oilsands.
Jean praised the longstanding collaborative spirit and progress in the region, advocating for national recognition of Alberta’s role in the global energy landscape.
With preliminary drilling completed in December, the partners await further analysis before progressing. Chief Powder anticipates a project launch by 2036, marking a significant step towards sustainable development and self-determination for the Fort McKay First Nation.
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