Canada energy minister seeks Indigenous equity in major projects

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Ontario, Canada. Stock image.

As Prime Minister Mark Carney’s government prepares to plow forward on major new energy and infrastructure projects, his natural resources minister says he wants Indigenous groups to pursue large ownership stakes in them.

“If we are serious about retooling our economy, then economic reconciliation must be front and center,” said Energy Minister Tim Hodgson in prepared remarks to the Toronto Regional Board of Trade.

“Indigenous equity means revenue that stays in the community and can be passed down to the next generation,” he said. “It means a generational transformation in how major projects get done.”

Carney’s government has promised to move quickly on a wide range of significant projects including mines, electricity transmission links, and new oil and gas export infrastructure. Hodgson, a former Goldman Sachs executive recruited by Carney to run for…

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