A Nobel Prize-winning economist testified that First Nations in northern Ontario may have been stiffed $100B under a pair of treaties signed nearly two centuries ago
Nobel prize-winning economist Joseph Stiglitz is in a Sudbury courtroom this week, explaining why First Nations in northern Ontario may have been stiffed more than $100 billion under a pair of treaties signed more than 170 years ago.
The court cases involving the Robinson Huron Treaty and Robinson Superior Treaty are separate, with both being heard simultaneously by Ontario Superior Court Justice Patricia Hennessy during court proceedings at Laurentian University’s Canisius Hall. Justice Hennessy also ruled the new, beefed-up annuity should give treaty signatories a chunk of the wealth generated through the extraction of natural resources on treaty territory.
The third stage of the proceedings, which will deal with the amount of compensation owed to beneficiaries under the treaty — and which levels of government will be liable to pay the increased annuities — began in Sudbury last month.
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