Page 15 - BEC / JULY / 2019

Alberta creates $1B fund

for Indigenous Investment in Energy

meeting of the provincial
cabinet and Alberta’s First

Nations chiefs. We dis-

cussed practical solutions
to ensure opportunity and

inclusion of Indigenous
people in Alberta, includ-

ing the vision of First

Nations being partners in
prosperity by participating

in major resource proj-

ects.”

Rick Wilson, Minister of

Indigenous Relations,
added, “We have to
imbalance, noting that First Nations were unfairly
think differently about
prevented from obtaining commercial rates of
how Indigenous communities participate in the
credit.
economy. The IOC would be unique in Canada,

backstopping up to $1 billion in Indigenous invest-
“It is critical that the Government of Alberta work
ment in responsible energy projects. Ownership
collaboratively with First Nations in the spirit of
can grow wealth that communities can reinvest in
reconciliation,” said Alberta Premier Jason Kenney.
themselves.”
“We are renewing the tradition of our annual joint

JULY 2019 | BUSINESS ELITE CANADA 15