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2mo ago

Oil and Gas Industry Spent $14.4 Billion on Indigenous-Affiliated Firms From 2021 to 2023

The CAPP-commissioned study shows Indigenous vendors captured nearly one in five procurement dollars, signaling growing economic reconciliation.

Workers stop for lunch at the arena, one of many amenities and infrastructure projects the Indigenous community of 700 in the oilsands region has been able to finance through relationship with industry, in Fort McKay, Alta., on Thursday April 25, 2024. THE CANADIAN PRESS/Amber Bracken

Overview

  • Alberta projects accounted for $13.9 billion of the total spending, underscoring the province’s dominant role in Indigenous procurement.
  • Twelve major oil and gas companies did business with 585 Indigenous-affiliated enterprises across 110 municipalities and 45 Indigenous communities.
  • Construction vendors received the largest share of contracts, followed by environmental and industrial waste services and equipment maintenance providers.
  • Indigenous employees now represent 7% of the oil and gas workforce, nearly double the national average of just under 4%.
  • The Haisla Nation holds a majority stake in the Cedar LNG project under construction in Kitimat, B.C., reflecting rising Indigenous equity in the sector.