The East Tank Farm Deal

Fort McKay First Nation invest in a equity interest in Suncor's East Tank Farm

Historic Investment Successfully Completed

November 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% partnership in Suncor’s East Tank Farm Development for total proceeds of $503 million.*
This venture was completed without any government funding or involvement. It was strictly a commercial deal between Suncor and the two First Nations.

“Today 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.”
– Mark Little, CEO, Suncor.

Suncor and Fort McKay East Tank Farm Announcement