RMWB

TELUS breaks ground in Wood Buffalo, investing $21 million on PureFibre network

Retrieved on: 
Thursday, June 9, 2022
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WOOD BUFFALO, Alberta, June 09, 2022 (GLOBE NEWSWIRE) -- TELUS is beginning construction this summer working with the Regional Municipality of Wood Buffalo (RMWB) to connect several rural communities directly to the TELUS PureFibre network, anticipating that more than 90% of homes and businesses within the footprint will be connected by the end of 2023. TELUS and the RMWB are investing $21 million to complete this network infrastructure, connecting residents and businesses in Anzac, Chipewyan Prairie First Nation, Conklin Métis, Draper, Fort McKay First Nation, Fort McKay Métis, Fort McMurray First Nation, Gregoire Lake Estates, Janvier Métis, and Willow Lake Métis directly to gigabit Internet speeds while expanding cellular coverage throughout the region. Through this collaboration, the RMWB is contributing $13.2M to the project, representing one of the single largest partnerships between TELUS and a municipality to expand connectivity. This project is part of TELUS’ investment of $17 billion in network infrastructure, operations, and spectrum across Alberta over the next four years, and commitment to investing $70 billion overall across Canada by 2026.

Key Points: 
  • This $21 million investment in Wood Buffalo is a true demonstration of TELUS long-standing commitment to improving the lives of Canadians by connecting communities from coast-to-coast with our global-leading wireless PureFibre network, said Darren Entwistle, President and CEO of TELUS.
  • A 100 per cent pure fibre-to-the-home network means that every part of the TELUS PureFibre network is built with state-of-the-art fibre optics, right up to the connection point at the home or business, ensuring customers have the fastest most capable network available.
  • With the only true all fibre network in Western Canada, TELUS delivers the best network performance available anywhere in the world, including the fastest upload and download speeds.
  • Through connection to the PureFibre network, TELUS is opening doors to community members who will have increased opportunities for online training/education, improved healthcare & cultural programming, and economic opportunities.

Suncor assumes operatorship of Syncrude

Retrieved on: 
Friday, October 1, 2021
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In the RMWB, Suncor operates its Oil Sands Base Plant, in situ assets Firebag and McKay River, as well as joint venture assets Fort Hills Limited Partnership and Syncrude.

Key Points: 
  • In the RMWB, Suncor operates its Oil Sands Base Plant, in situ assets Firebag and McKay River, as well as joint venture assets Fort Hills Limited Partnership and Syncrude.
  • Since 2016, Suncor has grown its ownership in Syncrude from 12% to 58.74% through acquisitions.
  • Forward-looking statements in this news release include statements and expectations regarding Suncor assuming operatorship of the Syncrude Joint Venture, including the expectation that Suncor will work to improve operating performance and unlock significant value.
  • For more information about Suncor, visit our web site at suncor.com , follow us on Twitter @Suncor

Suncor Energy forms partnership with eight Indigenous communities in the Regional Municipality of Wood Buffalo to acquire an equity interest in the Northern Courier Pipeline

Retrieved on: 
Thursday, September 16, 2021
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TD Securities Inc. acted as Financial Advisor and Debt Arranger for the Indigenous communities in this transaction.

Key Points: 
  • TD Securities Inc. acted as Financial Advisor and Debt Arranger for the Indigenous communities in this transaction.
  • An example of economic reconciliation, this partnership is unprecedented in this industry, given the number of Indigenous communities involved in this type of project.
  • Mark Little, President and Chief Executive Officer, Suncor Energy
    The Northern Courier Pipeline opportunity demonstrates progressive relationship building and economic reconciliation between industry and Indigenous Communities.
  • For more information about Suncor, visit our web site at suncor.com , follow us on Twitter @Suncor or Living our Purpose .

Media Advisory: TC Energy to divest remaining 15 per cent interest in Northern Courier Pipeline

Retrieved on: 
Thursday, September 16, 2021
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CALGARY, Alberta, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that Astisiy Limited Partnership, comprised of Suncor and eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB), will acquire TC Energy’s remaining 15 per cent equity interest in the Northern Courier Pipeline (NCP).

Key Points: 
  • CALGARY, Alberta, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Media Advisory TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today that Astisiy Limited Partnership, comprised of Suncor and eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB), will acquire TC Energys remaining 15 per cent equity interest in the Northern Courier Pipeline (NCP).
  • At TC Energy, we believe Indigenous communities must realize long-term sustainable benefits from energy projects.
  • Expanding economic opportunities for Indigenous communities is an important way to advance reconciliation between Indigenous and non-Indigenous peoples.
  • TC Energys common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP.