Indigenous Equity Ownership Surges in 2024 with Major Projects

Significant strides made in Indigenous economic participation, but access to capital remains a challenge.

BC Hydro's procurement process mandated 25% First Nations ownership, receiving proposals for three times the targeted energy.
Cedar LNG, a $4 billion project, will be majority-owned by the Haisla Nation, making it the largest Indigenous-owned infrastructure in Canada.
TC Energy announced a $1 billion deal to sell a minority stake in its gas transmission network to Indigenous communities, though the deal faces structuring issues.
Indigenous equity investments in energy and infrastructure projects have dramatically increased, with 28% of such investments occurring in the last two years.
Challenges remain, particularly in accessing competitive capital due to restrictions under Canada's Indian Act, despite government-backed loan guarantees.