News Headline:
Some anti-development Indigenous fringe groups are pushing insurance companies to ditch oil and gas projects in Canada.
INDIGENOUS GROUPS PUSH INSURERS TO ABANDON FOSSIL FUEL PROJECTS
The Facts:
Indigenous groups and the oil and gas industry are working together to get projects built, to support reliable energy, and tackle on-reserve poverty.
- Groups like the National Coalition of Chiefs believe that partnerships with the oil and gas industry and the development of natural resources can help defeat on-reserve poverty.
https://coalitionofchiefs.ca/about/ - Though Keystone XL has been the target of insurance divestment calls from some of these groups, TC Energy and Indigenous-owned Natural Law Energy, which represents 5 First Nations in Alberta and Canada, have signed a definitive deal for a $1 billion, 12% stake in the pipeline for the Natural Law.
https://www.globenewswire.com/news-release/2020/11/17/2128281/0/en/TC-Energy-and-Natural-Law-Energy-sign-definitive-agreement.html
- Despite been calls from certain anti-development Indigenous groups for insurers to stop insuring Trans Mountain, 93% of the First Nations communities along Trans Mountain’s route support or do not oppose the pipeline, and 58 communities have signed benefit agreements.
https://www.bnnbloomberg.ca/brookfield-seen-as-dark-horse-buyer-for-trudeau-s-pipeline-1.1387936 - The article details radical groups like Tiny House Warriors who have been accused of harassing locals. Simpcw Chief Shelly Loring, along with Tk’emlúps Indian Band Chief Rosanne Casimir, have asked the group to pack up and leave due to the harassment.
https://www.radionl.com/2020/10/06/67281/
