Energy industry warms up to aboriginal equity participation, but window won’t stay open forever [Financial Post (Toronto, Ontario, Canada)]
Enbridge Inc (ENB)
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Source: Financial Post
Energy industry warms up to aboriginal equity participation, but window won’t stay open forever Equity participation by aboriginal communities in resource projects is increasingly held up as the key to winning their support. The latest energy industry leader to recognize the benefits is Ian Anderson, president of Kinder Morgan Canada Ltd., who in Calgary this week said he’s open to the idea of aboriginal equity participation in the embattled Trans Mountain pipeline expansion. “I worked for a long time, quietly, to try and assemble support for that on this project,” Anderson said at a conference organized by the Global Petroleum Show. “It didn’t come to fruition. I have never ruled it out.” It’s indicative of a big evolution in energy business thinking, which not too long ago regarded such giveaways as negative for shareholders’ interests. Kinder Morgan, too, was unenthusiastic about equity participation in the early days, arguing it was difficult to pull off for its Trans Mountain exp
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