Will Osler comments on recent success stories with ESG and Indigenous participation in the energy sector in Daily Oil Bulletin:
"There have been some real success stories in Alberta recently involving meaningful Indigenous participation with industry. In 2020, construction began on the innovative and precedent setting Cascade Power Project, where six First Nations participated through an investment syndicate with the backing of the Alberta Indigenous Opportunities Corporation. In 2019, there was the sale by Canadian Utilities and Quanta Services of Alberta PowerLine, the award-winning Fort McMurray West 500-kV transmission project, resulting in seven Indigenous communities acquiring a 40 per cent equity stake. However, much more can be done to achieve meaningful Indigenous ownership in energy infrastructure projects."
In late 2020 the Daily Oil Bulletin, in partnership with Bennett Jones, surveyed oil and gas industry executives and ESG professionals to understand the progress being made in integrating ESG into business operations, and what is needed to push ESG forward. This is part two in a five-part series that outlines the survey results.
Bennett Jones