![]() Article contentīack in the middle of the 2019 campaign, we used really aspirational language stating that AIOC had the potential to‘renew the Alberta government relationship with First Nations on the basis of self-determination, trust, and mutual respect, and to provide shared economic opportunities between First Nations, the Alberta government, and industry’. This advertisement has not loaded yet, but your article continues below. We discussed various models withindigenous and industry leaders, national banks, global investors, and legal and accounting firms, finally landing on a provincial loan guarantee structure that would backstop commercial loans into a limited range of high value projects. The challenge was therefore to create an investment platform where all of Alberta’s indigenous communities could get the necessary technical support to evaluate major projects, and thenget access to loans that would enable them to invest at scale in the projects that qualified. Second, even with a great deal in hand, most communities lacked the money to invest at scale.The result of this was that indigenous leaders were most oftenlimited to accepting or refusing short-term ‘cash and benefits’ proposals to permit projects, and only a few people benefitted from this. First, most indigenous communities, especially the smaller and poorer ones, lacked the technical ability to assess and negotiate complex industry investments and partnerships with large legal and banking teams on the other side of the table. There were two critical challenges to making investments as an indigenous leader, however. ![]() The costly failure of those projects had been preventing essential infrastructure from being built, had scared away global investors and forced multiple companiesto give up and leave. It was createdspecifically to help break the impasse of a broken federal indigenous ‘consultations’ process that was killing dozens of Canadian infrastructure projects with endless delays, politicization and litigation. Why is theindigenous investment platform we created so popular?ĪIOC is a public corporation we created in 2019 to provide loan guarantees for indigenous communities to acquire equity stakes in qualified major projects in energy and infrastructure, and nowagriculture, transport and telecommunications. ![]() The stars really have to align for the two political solitudes of Alberta’s NDP and Conservatives to agree on pretty much anything. The federal government should take notice. ![]() The next issue of Your Midday Sun will soon be in your inbox. If you don't see it, please check your junk folder. Manage Print Subscription / Tax ReceiptĪ welcome email is on its way. ![]()
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