Ottawa’s move to help Indigenous peoples fund investments in natural-resource and energy projects is coming, and, as requested by First Nations leaders, it will allow for equity investment in oil, gas, LNG, and related initiatives. The program was announced in the 2024-5 federal budget this week, with Finance Minister Chrystia Freeland promising that up to …
Our newsletter, 12 April 2024 Cedar LNG takes key steps forward The proposed US$3.4-billion Cedar LNG facility in B.C. is looking toward becoming a reality in the wake of positive statements by the project partners. The project has signed a 20-year deal with ARC Resources for supply of 50% of the natural gas needed to …
By KAREN OGEN We’ve come a long way since 2,500 years ago, when the Chinese used crude bamboo ‘pipelines’ to carry natural gas that seeped to the earth’s surface and used it to boil sea water to get drinkable water. Now we have LNG Canada testing its plant at Kitimat B.C., a $43-billion project that …
Our newsletter: 28 March 2024 We have questions on the federal loan program With the federal government planning to include an Indigenous loan-guarantee program in its 2024-5 budget on April 16, we have raised some issues and questions. Will the program allow for investment in oil and gas ventures? Will it allow for Indigenous investment …
The federal budget for 2024-5, due to be presented to Parliament on April 16, promises to include a loan-guarantee program to enable Indigenous People to invest in resource projects on their territories. Such a program should be welcome — but how welcome depends on Ottawa’s rules and red tape surrounding it. That a program is …
