Canada to give loan guarantees to Indigenous groups for energy projects

📆 16/04/2024 17:33:00
📰 YahooFinanceCA

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Loan Guarantees Notícia

Canada,The Liberal Government,Indigenous Groups

Canada will provide up toC$5 billion ($3.6 billion) in loan guarantees to allow indigenous groups to invest in energy deals such as oil and gas projects, the...

FILE PHOTO: The last section of pipeline is assembled on the Trans Mountain pipeline expansion project near Laidlaw

The development in theory would result in major investment opportunities, from the government-owned Trans Mountain oil pipeline to TC Energy's Coastal GasLink pipeline. "The program would be sector agnostic for natural and energy projects to prioritize economic reconciliations," said the budget documentFor energy companies, Indigenous partnerships provide capital infusions and a way to speed projects through approval from provincial governments that in some cases require First Nations equity.

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