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Canada's First Nations seek bigger stakes, profits from oil sector
March 2, 2018 1:13 AM ESTBy Rod Nickel and Nia Williams
CALGARY, Alberta (Reuters) - Canada's First Nations are boosting investments and leveraging their clout with regulators to gain stakes in oil and gas projects as they seek greater returns on energy produced or transported across their territory.
Aboriginal groups in Canada have traditionally played a more passive role in the energy industry, collecting royalties from oil and gas output. That model is changing as some indigenous groups buy oil wells and negotiate ownership stakes in proposed pipelines and storage projects.
"It's assets that create cash flow," said Joe Dion, Chief... More
