Large investments in energy infrastructure projects by Indigenous communities are becoming commonplace in Canada.
Currently, preparations for construction are underway in New York. Hydro-Québec’s U.S.-based partner has obtained its necessary U.S. permits, and in Canada, the federal and provincial regulatory review processes are ongoing. The project is scheduled for completion in May 2026, at which time the Mohawk Council will make a final decision about how much equity to purchase in the line, based on the total costs of building. At minimum, the Mohawk will acquire a 10 per cent stake.
“What they do is, they de-risk the project. They get it up and running, for the most part, and invite the Indigenous communities in once the project is de-risked for them so that it’s easier for them to raise the equity or debt to support their investment the project,” Dal Bello adds. “The limited partner will not be part of the decision-making process, which is left to the general partner. They will not be on the board of directors… It is permitted that they [make decisions] through the limits of partnership agreements, but the more the limited partner takes part in the decisions, the more liability they will have to cover regarding the structure of the project itself.”
The entire executive team, myself included, are more involved at this point because we’re trying to learn a different way of working“The business change management aspect is helping our team understand that we have a partner, being supportive of the team when that’s necessary, and being supportive of the partner when that’s necessary.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indigenous events in Calgary recognize kickstart Aboriginal Awareness weekSeveral events in Calgary were held Saturday ahead of the kickstart to Aboriginal Awareness week beginning Sunday.
Read more »
Charla Huber: Don't assume Indigenous people don't support policeI have never had one Indigenous person question my work on the police board. The most common response is: “Good for you” or “I am glad you’re there.” It’s only non-Indigenous people who question me.
Read more »
Indigenous students face systemic barriers as they pursue higher education: reportA Deloitte report interviewing post\u002Dsecondary Indigenous students across Canada raises a number of barriers that still exist in universities
Read more »
Indigenous students face systemic barriers in higher education pursuit: reportA Deloitte report interviewing post\u002Dsecondary Indigenous students across Canada raises a number of barriers that still exist in universities
Read more »
Ontario police chiefs urge end to fixed-term funding for Indigenous policingPublic Safety Canada has said there is no way to route money to jurisdictions with no negotiated deals
Read more »
Four offers rejected for large Belleville house before successful $700,000 bidTwo-storey house sat on market for months until the market picked up in the spring
Read more »