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The path to economic reconciliation – The Globe and Mail

JP Gladu is president and CEO of Canadian Council for Aboriginal Business. Goldy Hyder is president and CEO of the Business Council of Canada

On Jan. 30, Cenovus Energy Inc. pledged $50-million over five years to build badly needed new homes in six First Nations and Métis communities close to its oil sands operations in northern Alberta. The company also pledged to develop training programs for local residents, provide scholarships for Indigenous youth and spend at least $1.5-billion with Indigenous-owned and -operated businesses over the coming decade.

Cenovus chief executive Alex Pourbaix called the initiative “an important way to contribute to reconciliation with Indigenous peoples,” and it is certainly that.

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