Overview
- The appointment took effect on January 13, 2026, following a national search conducted by the CILGC board.
- CILGC, a subsidiary of the Canada Development Investment Corporation, manages federal loan guarantees to enable Indigenous ownership in revenue-generating projects.
- The corporation has issued a $400-million guarantee supporting a 12.5% stake by 38 First Nations in Enbridge’s Westcoast pipeline system.
- CDEV and CILGC report reviewing tens of applications and holding more than 275 outreach meetings to date, with staffing expected to grow toward roughly 30 roles.
- Straub, a member of Henvey Inlet and French River No. 13 First Nation and former Wyloo Canada CEO, is tasked with advancing Indigenous equity participation by addressing financing barriers rooted in the Indian Act.