First Nations should get to decide what kinds of projects they invest in, not politicians or bureaucrats in Ottawa. Read more
What is new is applying the concept to Indigenous economic development and designing programs in ways tailored to the unique circumstances of Indigenous communities. One such circumstance is the difficulty First Nations have in raising their own capital in private markets at affordable interest rates, given their inability to use reserve lands or property as collateral. An added bonus of loan guarantees is that they improve social licence and smooth the regulatory process.
But many provinces have yet to develop their own programs and — no surprise here — there is more demand than funding available. And although the Canadian Infrastructure Bank can fund Indigenous equity in certain types of projects, its mandate is narrow. As a result, the First Nations Major Projects Coalition, supported by theand many other Indigenous organizations, industry associations and companies, has been pushing for a national Indigenous loan guarantee program.
But there is growing concern that a federally backed loan guarantee program will be given a mandate that excludes oil and gas. No doubt environmentalists would treat exclusion as a win. But for Indigenous communities it would be taking billions of dollars in potential equity opportunities off the table.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
City agency teams up with Indigenous partners for Indigenous tourism strategy for Edmonton areaDetails about the strategy were revealed at a media event at the Telus World of Science Edmonton.
Read more »
First Light St. John’s Friendship Centre to receive Canada Post Indigenous Truth and Reconciliation GrantOver $1 million in grants has been awarded this year by the Canada Post Community Foundation to 84 organizations across the country. These grants, raised through funds from our post offices and Community Foundation stamp sales, support the organizations’ efforts to improve the lives of Canadian children and youth. Among these recipients is First Light St. […]
Read more »
Feds want submissions for Indigenous-led forestry projectsIndigenous Forestry Initiative will support projects with $16.6M over three years
Read more »
Caregiver calls for 'culture change' in nursing after Indigenous man's deathThe story of Keegan Combes, who died of accidental methanol poisoning after being neglected by staff at a B.C. hospital, has become part of the fight to dismantle anti-Indigenous racism in the nursing profession, according to B.C.'s regulator for nurses.
Read more »
Boogey The Beat On Highlighting Indigenous Issues Through His MusicET Canada’s Carlos Bustamante sits down with Boogey The Beat to find out how his cultural upbringing inspired him to become a DJ and producer, while also discussing the strong messages behind his music. Tune in to ET Canada’s “Indigenous Artists & Icons: Inspiring Change” airing on Friday, Sept. 29 at 7:30pm ET on Global.
Read more »
Indigenous group pens deal with N.B. based companies to develop small nuclear reactorsSAINT JOHN, N.B. — A team of New Brunswick First Nations communities have come to terms with two Saint John-based companies to help develop new low-carbon ...
Read more »