True reconciliation means acknowledging our right to develop our lands as we see fit
Speculation has swirled for months that Ottawa is planning to introduce a new Indigenous loan guarantee program, and last week’s fiscal update confirmed that more details will be included in the next federal budget. I am not totally against this idea, as it could help Indigenous groups overcome historical barriers to raising capital, particularly through borrowing. However, there has also been speculation that certain industries could be excluded from loan eligibility, in accordance with the government’s environmental, social and governance (ESG) investment framework. This is not OK.
If the government follows through with its plan to roll out a new Indigenous-tailored financial program, it should respect our right to self-determination, which encompasses our autonomy to make investment decisions based on our own, internally defined objectives.
For instance, we are well within our rights to pursue investment opportunities in the energy sector, which offers a path to prosperity for many Indigenous communities. Indigenous-Canadians who work in oil and gas extraction currently make almost three times more than their peers. Quite frankly, it would be irresponsible for us to not seek out new energy investments, given the potential for good-paying energy jobs to lift scores of Indigenous families out of poverty.
A new loan guarantee program would, in theory, provide Indigenous nations with the resources to build our own path forward. But if the loan program were handled by the Canada Infrastructure Bank, as budget 2023 suggested, loans for oil and gas development may be excluded. Applying ESG requirements to the program would have a similar effect.
Such conditions would put remote communities at a disadvantage relative to those located near large urban centres. And communities that are dependent on energy projects for their economic well-being would be left in the lurch.This would be a step away from reconciliation. The federal government should not be able to pick and choose for us which projects we partner on — this is paternalism of the worst sort. Decisions about our lands and the projects built on them should be ours to make — and ours alone.
We have long made decisions about projects in our territories — decisions that balance economic development with stewardship of land and water. The Trudeau government has pledged, repeatedly, to value mutual respect and restorative justice. We need to remind them of that.
Right now, the most important thing the federal government can do is respect the right of all Indigenous communities to self-determination. We have a limited window of opportunity to persuade the Liberal government to include oil and natural gas extraction projects on the list of eligible loan guarantees, and make sure that our inherent right to make decisions about projects on our lands is respected.
This is also an opportunity to forge a much-needed and long-overdue relationship between the Tsimshian, Nisga’a, Haida, Haisla, Heiltsuk, Wet’suwet’en, Gitxsan, Tahltan, Tse’Khene, T’exelcemc and Carrier Sekani people, and build an Indigenous economic corridor stretching from British Columbia to Newfoundland.This loan guarantee program could help lift thousands of Indigenous-Canadians out of poverty, and bring prosperity to our people for generations to come, through inter-generational knowledge and wealth transfer. When our communities prosper, Canada prospers, but we cannot do that without the rest of the country’s help.
This is an opportunity for the federal government to bridge the divide and make Canada the economic powerhouse it ought to be. This loan guarantee program can serve as a much-needed catalyst. We should have the opportunity to invest in any project that has the potential to bring prosperity to our communities, including projects in the oil and gas industry.
Indigenous communities want to be a part of Canada, not apart from Canada. Give us the tools and we’ll finish the job.
Chris Sankey is a senior fellow at the Macdonald-Laurier Institute, a businessman and former elected councillor for the Lax Kw Alaams First Nation.
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In the first 100 days, a new Conservative government will pass 3 laws:
1. Affordability For a Change Act—cutting spending, income tax, sales tax off homes
2. Safety For a Change Act to lock up criminals
3. Bring Home Jobs Act—that repeals C-69, sets up 6 month permit turnarounds for new projects
No summer holiday til they pass!
Conservative Leader Pierre Poilievre announced today that as Prime Minister he will cancel the summer holiday for Ottawa politicians and introduce three pieces of legislation to make life affordable, stop crime, and unleash our economy to bring back powerful paycheques. Because change can’t wait.
A new Conservative government will kickstart the plan to undo the damage of the Lost Liberal Decade and restore the promise of Canada with a comprehensive legislative agenda to reverse the worst Trudeau laws and cut the cost of living, crack down on crime, and unleash the Canadian economy with ‘100 Days of Change.’ Parliament will not rise until all three bills are law and Canadians get the change they voted for.
“After three Liberal terms, Canadians want change now,” said Poilievre. “My plan for ‘100 Days of Change’ will deliver that change. A new Conservative government will immediately get to work, and we will not stop until we have delivered lower costs, safer streets, and bigger paycheques.”
The ’100 Days of Change’ will include three pieces of legislation:
The Affordability–For a Change Act
Will lower food prices, build more homes, and bring back affordability for Canadians by:
Cutting income taxes by 15%. The average worker will keep an extra $900 each year, while dual-income families will keep $1,800 more annually.
Axing the carbon tax in full. Repeal the entire carbon tax law, including the federal industrial carbon tax backstop, to restore our industrial base and take back control of our economy from the Americans.
Scrapping Liberal fuel regulations and electricity taxes to lower the cost of heating, gas, and fuel.
Identify 15% of federal buildings and lands to sell for housing in Canadian cities.
The Safe Streets–For a Change Act
Will end the Liberal violent crime wave by:
Repealing all the Liberal laws that caused the violent crime wave, including catch-and-release Bill C-75, which lets rampant criminals go free within hours of their arrest.
Introducing a “three strikes, you’re out” rule. After three serious offences, offenders will face mandatory minimum 10-year prison sentences with no bail, parole, house arrest, or probation.
This Act will be rocket fuel for our economy. We will unleash Canada’s vast resource wealth, bring back investment, and create powerful paycheques for workers so we can stand on our own feet and stand up to Trump from a position of strength, by:
Bringing in the Canada First Reinvestment Tax Cutto reward Canadians who reinvest their earnings back into our country, unlocking billions for home building, manufacturing, and tools, training and technology to boost productivity for Canadian workers.
Creating a One-Stop-Shop to safely and rapidly approve resource projects, with one simple application and one environmental review within one year.
Poilievre will also:
Call President Trump to end the damaging and unjustified tariffs and accelerate negotiations to replace CUSMA with a new deal on trade and security. We need certainty—not chaos, but Conservatives will never compromise on our sovereignty and security.
Get Phase 2 of LNG Canada built to double the project’s natural gas production.
Accelerate at least nine other projects currently snarled in Liberal red tape to get workers working and Canada building again.
“After the Lost Liberal Decade of rising costs and crime and a falling economy under America’s thumb, we cannot afford a fourth Liberal term,” said Poilievre. “We need real change, and that is what Conservatives will bring in the first 100 days of a new government. A new Conservative government will get to work on Day 1 and we won’t stop until we have delivered the change we promised, the change Canadians deserve, the change Canadians voted for.”
Electric vehicle prices fell 7.8 per cent in the last quarter of 2024 year-over-year, according to the AutoTader price index
Fewer Canadians are considering buying an electric vehicle, marking the third year in a row interest has dropped despite lower EV prices, a survey from AutoTrader shows.
Forty-two per cent of survey respondents say they’re considering an EV as their next vehicle, down from 46 per cent last year. In 2022, 68 per cent said they would consider buying an EV.
Meanwhile, 29 per cent of respondents say they would exclusively consider buying an EV — a significant drop from 40 per cent last year.
The report, which surveyed 1,801 people on the AutoTrader website, shows drivers are concerned about reduced government incentives, a lack of infrastructure and long-term costs despite falling prices.
Electric vehicle prices fell 7.8 per cent in the last quarter of 2024 year-over-year, according to the AutoTader price index.
The survey, conducted between Feb. 13 and March 12, shows 68 per cent of non-EV owners say government incentives could influence their decision, while a little over half say incentives increase their confidence in buying an EV.
