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The Memorandum of Understanding is an agreement on the principles
for working together on a Mackenzie Valley pipeline during
the planning phase and beyond. It provides an opportunity
for the Mackenzie Valley Aboriginal Pipeline Corporation (MVAPC)
to acquire up to a one-third interest in the Mackenzie Valley
Pipeline. It also includes the principles for land
access and benefits
arrangements.
Signing of Memorandum of Understanding October 15, 2001. Left
to right: Ray Woods, Senior Operating Officer, Resources,
Shell Canada Limited; Nellie Cournoyea, Chair, Mackenzie Valley
Aboriginal Pipeline Corporation; K.C. Williams, Senior Vice
President and Director, Imperial Oil Limited.
The MVAPC is the general partner of the Mackenzie Valley
Aboriginal Pipeline Limited Partnership, which is expected
to hold the interest of the Aboriginal
Pipeline Group (APG) in the Mackenzie Valley Pipeline.
The aboriginal communities of the Northwest Territories established
the Aboriginal Pipeline Group in the summer of 2000. This
was the follow-up to a resolution made by aboriginal leaders
in Fort Liard in January 2000. The resolution stated their
desire to build a business partnership to maximize ownership
and benefits of a Mackenzie Valley Pipeline for the aboriginal
people of the Northwest Territories.
In 2001, the Aboriginal
Pipeline Group established the Mackenzie Valley Aboriginal
Pipeline Limited Partnership to represent the aboriginal interest
in the Mackenzie Valley Pipeline.
In June
2003, funding and participation agreements were reached between
the Producer Group, the APG and TranCanada Pipelines Limited. These
agreements further enhance the rights of the APG.
Signing of funding and participation
agreements on June 18, 2003. From left to right: K.C. Williams,
Senior Vice President and Director, Imperial Oil Limited;
Fred Carmichael, Chair, Mackenzie Valley Aboriginal Pipeline
Corporation; Nellie Cournoyea, Chair, Inuvialuit Regional
Corporation; [not shown] Hal Kvisle, Chief Executive Officer,
TransCanada PipeLines Limited.
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