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Alberta’s Fort McKay First Nation will be going to the bond market later this year, looking to raise the $350-million it needs to buy a 34-per-cent stake in Suncor Energy Inc.’s East Tank Farm, a key processing facility for the company’s Fort Hills oil sands mine. (Jeff McIntosh/THE CANADIAN PRESS)
Alberta’s Fort McKay First Nation will be going to the bond market later this year, looking to raise the $350-million it needs to buy a 34-per-cent stake in Suncor Energy Inc.’s East Tank Farm, a key processing facility for the company’s Fort Hills oil sands mine. (Jeff McIntosh/THE CANADIAN PRESS)

Alberta First Nation to tap bond market for energy investment Add to ...

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Alberta’s Fort McKay First Nation will be going to the bond market later this year, looking to raise the $350-million it needs to buy a 34-per-cent stake in Suncor Energy Inc.’s East Tank Farm, a key processing facility for the company’s Fort Hills oil sands mine.

The tank farm investment – which should yield utility-like rates of return – is just one of several ventures Fort McKay First Nation (FMFN) is pursuing as it partners with energy companies to expand its business interests.

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