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Alberta Indigenous Opportunities allocated $1-billion by Kenney government – The Globe and Mail

An Alberta Crown corporation created to help Indigenous groups buy ownership stakes in resource projects could help contentious pipeline and energy proposals overcome opposition from First Nations, says Premier Jason Kenney.

The new Alberta Indigenous Opportunities Corp. has been allocated $1-billion by the Kenney government to support Indigenous investment in Canada’s resource industries, with much of the focus expected to be on infrastructure for the province’s oil patch.

“I think that this corporation may be a game changer in getting market access for our natural resources, which is existential for our economy,” Mr. Kenney said on Monday in Calgary as he unveiled the corporation’s board.

The Premier told reporters he believes some of the tension around energy projects could be solved with more Indigenous investment. Mr. Kenney cited the expansion of the Trans Mountain pipeline linking Alberta’s oil sands to the Port of Vancouver and the Coastal GasLink pipeline in northern British Columbia, both of which face opposition from Indigenous groups in B.C.

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