Equity investments by Indigenous communities in energy projects – JWN Energy

February 28, 2022

Over the past several years, the energy industry has witnessed a veritable surge of transactions in which Indigenous Communities (ICs) have acquired significant and meaningful ownership in infrastructure projects across the full spectrum of the energy value chain. This paradigm shift towards co-ownership frameworks fosters the long-term alignment of interests and shared prosperity between energy industry project proponents (EIPPs) and ICs in Canada.

ICs have acquired over time an increasing body of knowledge regarding the prevailing metrics of impact benefits arrangements, and in many cases viewed such solutions as inadequate to the longer-term needs of their communities. Reinforcing this view, the Calls to Action of the Truth and Reconciliation Commission of Canada called upon the corporate sector in Canada to apply the principles of UNDRIP to corporate policies when involving Indigenous peoples and their lands and resources, pointing to direct participation in development projects as an ideal and appropriately collaborative strategy.

Read More: https://www.jwnenergy.com/article/2022/2/28/equity-investments-by-indigenous-communities-in-en/