Indigenous Ownership of Natural Resource Projects: A Framework for Partnership and Economic Development
Common ownership with Indigenous communities provides a way for energy industry project proponents to align their interests with those of Indigenous communities, allowing both to benefit in a meaningful way from such projects. Equity participation of Indigenous communities in such projects is becoming a more common strategy and involves unique challenges and considerations that other co-ownership situations do not. While Indigenous communities are diverse and their views cannot be condensed to a homogenous set of bullet points, this article discusses common priorities that such projects typically must consider, particularly relating to economic, environmental, and cultural interests of Indigenous communities. Similarly, unique challenges relating to financing, transactional issues, and the general structure of co-ownership agreements are explored.
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