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Lack of capital for major project investments cited by Indigenous business panel – Cochrane Today

CALGARY — Limited and slow access to capital is a major barrier to First Nations’ ability to take ownership roles in the resource megaprojects being built across their lands, a panel of Indigenous business leaders said Tuesday.

The three panellists said they view ownership of oil and gas, pipeline and transmission line projects as essential to provide prosperity for their people, while also protecting their environment and culture, during a webcast discussion sponsored by the Macdonald-Laurier Institute,.

“These developments are going to happen, they’re going to happen on our territories, we want a say in how they’re going to happen and we want to be able to benefit from the projects,” said Mark Podlasly, director of economic policy and initiatives for the 65-member First Nations Major Projects Coalition.

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