High interest rates are preventing Indigenous communities from getting ownership in
resource projects
Canada Needs An Indigenous Guaranteed Loan Program in the 2024 Federal Budget.
Support Indigenous Ownership
In Resource Projects
The Problem
High interest rates are preventing Indigenous communities from getting ownership in
resource projects
The Indian Act prevents ownership of assets, and with no collateral, commercial interest rates offered to Indigenous communities and companies are too high.
As a result, Indigenous communities often cannot participate in resource projects.
This takes away our opportunities for stable, long term own source revenues.
And creates a bottleneck in the regulatory process, leading to long timelines to get approval.
As a result, Indigenous communities often cannot participate in resource projects.
This takes away our opportunities for stable, long term own source revenues.
And creates a bottleneck in the regulatory process, leading to long timelines to get approval.
No national program with only minimal
provincial support
provincial support
There are a handful of good provincial loan programs for Indigenous ownership, but what’s needed is a national program without big restrictions on the kinds of projects Indigenous communities can participate in.
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The Problem
The Indian Act prevents ownership of assets, and with no collateral, commercial interest rates offered to Indigenous communities and companies are too high.
As a result, Indigenous communities often cannot participate in resource projects.
This takes away our opportunities for stable, long term own source revenues.
And creates a bottleneck in the regulatory process, leading to long timelines to get approval.
As a result, Indigenous communities often cannot participate in resource projects.
This takes away our opportunities for stable, long term own source revenues.
And creates a bottleneck in the regulatory process, leading to long timelines to get approval.
No national program with only minimal provincial support
There are a handful of good provincial loan programs for Indigenous ownership, but what’s needed is a national program without big restrictions on the kinds of projects Indigenous communities can participate in.
Play Video about video cover
The Solution
A National Indigenous Guaranteed Loan Program
1 Guaranteed loans at competitive rates for Indigenous communities
2 No discrimination based on the type of project
3 Focused on Indigenous goals and values
1 Guaranteed loans at competitive rates for Indigenous communities
2 No discrimination based on the type of project
3 Focused on Indigenous goals and values
The Result
- Economic Reconciliation
- Ongoing own source revenue for economic independence
- Decision making power with having a seat at the table as owners
- Faster Approvals
- Indigenous buy in at all stages of the projects to expedite approvals
- Derisking projects with Indigenous people as partners
- An Inclusive Canada
- Prosperous and self-sufficient Indigenous communities
- New jobs and opportunities across Canada
- Solving the worldwide energy crisis with clean, reliable, and safe Canadian energy