Blog: Federal loan-guarantee program coming, and welcome
Ottawa’s move to help Indigenous peoples fund investments in natural-resource and energy projects is coming, and, as requested by First Nations leaders, it will allow for equity investment in oil, gas, LNG, and related initiatives. The program was announced in the 2024-5 federal budget this week, with Finance Minister Chrystia Freeland promising that up to…
Newsletter: Cedar LNG takes key steps forward. And more . . .
Our newsletter, 12 April 2024 Cedar LNG takes key steps forward The proposed US$3.4-billion Cedar LNG facility in B.C. is looking toward becoming a reality in the wake of positive statements by the project partners. The project has signed a 20-year deal with ARC Resources for supply of 50% of the natural gas needed to…
Nation from Alberta joins Alliance
The First Nations LNG Alliance welcomes its newest member from Treaty 6, the O’Chiese First Nation, who number approximately 1,600 and are of Saulteaux and Cree ancestry. The O’Chiese community, which today resides near Rocky Mountain House, Alberta, says it takes very seriously its ancestral responsibility of looking after its lands, resources, and people. “One…
Blog: Canada’s LNG: Act locally, think globally
By KAREN OGEN We’ve come a long way since 2,500 years ago, when the Chinese used crude bamboo ‘pipelines’ to carry natural gas that seeped to the earth’s surface and used it to boil sea water to get drinkable water. Now we have LNG Canada testing its plant at Kitimat B.C., a $43-billion project that…
Key questions for Ottawa’s Indigenous loan program
The federal budget for 2024-5, due to be presented to Parliament on April 16, promises to include a loan-guarantee program to enable Indigenous People to invest in resource projects on their territories. Such a program should be welcome — but how welcome depends on Ottawa’s rules and red tape surrounding it. That a program is…
