First Nation in northern Alberta signs oilsands lease development MOU with Suncor

The agreement could give Suncor an option for additional supply after 2040 as Base Plant nears the end of its life in the mid-2030s. Suncor Energy Inc. has signed an agreement with the Fort McKay First Nation that the oilsands giant says could lead to its first-ever bitumen extraction project on reserve lands.

"It's a real example of Fort McKay having a significant say in responsible resource development and how we build these resources ultimately to fruition, but also having a significant share and sharing in the benefits of this resource extraction." The Fort McKay First Nation has more than 900 band members of Dene and Cree heritage residing on the reserve and abroad. The community is located 50 km north of Fort McMurray along the shores of the Athabasca River.

On Thursday, Alberta Premier Danielle Smith said she was excited to hear about the agreement between Suncor and Fort McKay First Nation.

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