Canada to give Indigenous groups loan guarantees for resource projects [Reuters]
TC Energy Corporation (TRP)
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Source: Reuters
The program could give the groups major investment opportunities , from the government-owned Trans Mountain oil pipeline to TC Energy's (TRP.TO) New Tab , opens new tab Coastal GasLink pipeline, power lines and wind and solar projects. Report this ad "That's going to be an absolute game-changer for Indigenous companies and communities that are trying to get involved in the renewable electricity sector," said Fernando Melo, federal director of the Canadian Renewable Energy Association. "It's a great start." The Liberal government, which came to power in late 2015, has invested billions of dollars to improve the living conditions of Canada's First Nations, who have higher levels of poverty and lower life expectancy than other Canadians. A federal loan guarantee would allow First Nations to borrow at favorable rates, enabling them to reap larger profits. The loan guarantee program is sector-agnostic, indicating that it will be available for all forms of resource projects, in
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