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UNDRIP could open industry opportunity door for First Nations – Business in Vancouver

by ahnationtalk on May 15, 2019131 Views

May 15, 2019

There’s a prevailing perception among business leaders and investors and even within some First Nations communities that you can’t get a resource development project built in B.C.

Of course, that’s not necessarily the case. There are numerous examples of successful resource projects proceeding in B.C. with active participation from Indigenous communities. The Huu-ay-aht First Nations, for instance, recently signed an agreement with Western Forest Products to acquire a 7% stake in its Port Alberni forest operation. Last year, the Squamish Nation approved an economics benefits agreement with Woodfibre LNG providing the green light for the construction of a $1.6 billion liquefied natural gas (LNG) processing and export facility.

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