Bill C69
posted on
Apr 04, 2019 02:58PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Last month Rickford went to the senate to fight for scrapping the job killing Bill C-69
https://twitter.com/fordnation/status/1101570558913900544?lang=en
This came out 3 days ago with almost no reporting in media. . This was actually a very big positive move by Alberta Ass. of Treaty Chiefs, for Canadian infrastructure and resource stocks.
Bill C-69 – which changes how major infrastructure projects are reviewed and approved in Canada – was touted as improving consultation with Indigenous communities but it is already causing problems for tribes even though it has not yet been passed say Indigenous leaders
Citing negative economic implications of proposed federal legislation on Indigenous communities, Alberta Assembly of Treaty Chiefs rescinded a resolution passed late last year that had supported the controversial Bill C-69, which transforms how resource projects are assessed and approved.
"We want a strong resource industry so that our Nations can continue to expand our investments in, and benefits from, development – as employees, as partners and as owners. The prosperity of our nations is closely tied to the prosperity of the energy industry, especially in Alberta," said Stephen Buffalo, President of the Indian Resource Council.
According to Indian Oil and Gas Canada figures, royalty monies for 39 oil-producing nations have fallen by $200 million annually since 2012, resulting in a loss of over $18,000 per on-reserve family of six, per year.
Chief Roy Fox of the Kanai Blood Tribe, who sponsored the motion to rescind the previous resolution, spoke passionately about the damaging effects of the bill. "Bill C-69 has not yet passed but we are already suffering its consequences. The lack of pipeline capacity and investment have caused a huge price differential for the Blood Tribe's oil and gas development." He continued, "I don't care much when leaders and lawyers say the bill is actually good for us as First Nations. Not in the real world it isn't. Not for the Blood Tribe."
While many Chiefs expressed support for improved environmental measures in the legislation, a clearer understanding of the impacts on economic rights and development resulted in the vote to rescind. "Bill C-69 needs substantial amendment to earn our confidence and support," said Buffalo.
Controversial Bill C-69, which changes how major infrastructure projects are reviewed and approved in Canada, has been touted in part as an effort to improve consultation processes with Indigenous communities. The Government is calling on project proponents to outline the health, social and economic effects of their developments on Indigenous communities. But these bills have significant negative impacts themselves.
"The Liberal Government campaigned on its commitment to obtain social license for new projects. It asserted that only communities could grant permission. I will tell you now: I don't grant permission, and I don't have any confidence in Bill C- 69. I am fearful, and I am confident, that it will keep my people in poverty," says Chief Roy Fox, Makiinima of the Blood Tribe.