April 26, 2024
As noted in previous bulletins,1 we continue to monitor announcements of Indigenous equity investments in energy and related infrastructure projects in Canada. This bulletin provides an update on trends we have observed in recent Indigenous equity investments over the previous two years, from 2022-2024 YTD.
Indigenous equity investments in these projects are key towards advancing economic reconciliation with Indigenous Peoples. They are also key for managing project risk by helping to align the interests of the parties and facilitating Indigenous support and consent for a project.
To date, we have reviewed 135 energy and related infrastructure projects across Canada that are partially or wholly owned by Indigenous Peoples.2 These projects include Indigenous equity investments in projects spanning over 15 years. However, 28% of the Indigenous equity investments we reviewed occurred only in the last two years, from 2022-2024 YTD.