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Economy

“Ownership is Reconciliation” Indigenous Resource Network rebrands to emphasize shift in focus

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News release submitted by the Indigenous Resource Network

Indigenous Resource Network Launches Ownership is Reconciliation

The Indigenous Resource Network (IRN) is proud to unveil its latest “Ownership is Reconciliation” Campaign, marking a transformative shift in focus and rebrand from its original “Ownership Changes Everything” campaign.

This new initiative aims to convey the compelling story of Indigenous ownership in resource projects, resonating with a diverse audience including social media, supporters, and fellow Indigenous organizations. “We initiated the ‘Ownership Changes Everything’ campaign to showcase the positive impact of Indigenous ownership in resource projects. The response has been overwhelming, with strong resonance among policy makers, industry, and Indigenous communities” shared John Desjarlais, Executive Director of IRN.

Central to the campaign’s mission is enlightening Canadians about the pivotal role Indigenous ownership plays in advancing the path to reconciliation. As part of this campaign, IRN advocates for the formation of a National Indigenous Guaranteed Loan program, empowering Indigenous communities with crucial access to capital required for equitable participation in major projects nationwide. Desjarlais elaborated, stating, “While it may not be a cure for all of the issues we see in our communities, it is an essential step in revitalizing funding opportunities for Indigenous development. We are heartened by the industry’s resounding support for a national program, as it de-risks projects and facilitates the vital capital Indigenous communities need to pursue ownership.”

IRN invites all stakeholders, Indigenous and non-Indigenous alike, to join forces in promoting a future where reconciliation and resource development harmoniously converge, generating sustainable employment opportunities and fostering shared prosperity for all.


Most Indigenous people support resource development: poll

In the polarized “environment versus economy” debate we’re having, there’s often an assumption, or an assertion, that Indigenous peoples are mostly against resource development. This is manifested in blockades, protests at legislatures and university campuses, and cries from activists that they stand in solidarity with Indigenous people when they stand against mining, oil and gas,

commercial fishing, hydro, and forestry projects.

For those familiar with the matter, this has always been a bit puzzling. Resource development is often the biggest economic driver of Indigenous communities, since it provides revenues for nations and well-paying jobs closer to home. Indigenous businesses are 40 times more likely to be involved in the extractive industry than Canadian ones.

There are absolutely cases where Indigenous nations have had disputes with resource companies, and when their rights have been disrespected. But this is not the same as being against resource development in principle. The public discussion of the issue has failed to grasp that key distinction: Indigenous peoples are not generally opposed to development; they are opposed to not being included, and they are against assuming risks without reaping any of the rewards.

To test that assumption, the Indigenous Resource Network, a platform for Indigenous workers and business owners involved in resource development, commissioned a poll by Environics Research. A total of 549 self-identified First Nations, Metis, and Inuit people living in rural areas or on reserves across Canada were interviewed by telephone between March 25 and April 16.

The poll found that a majority, 65 per cent, said they supported natural-resource development, while only 23 per cent were opposed. When asked how they’d feel if a new project were proposed near their own community, supporters outweighed opponents 2 to 1 (54 to 26 per cent). Not surprisingly, support was higher among working-age (35- to 54-year-old) respondents (70 per cent) than younger ones (18- to 34-year-olds, at 56 per cent), while Indigenous men were more likely to oppose resource development (28 per cent) than Indigenous women (19 per cent).

When asked more specifically about types of resource development, most supported both mining (59 per cent in favour versus 32 per cent opposed) and oil and gas development (53 per cent for, versus 41 per cent against). The main reason they cited was the “urgent priority” of access to health care that comes with economic development and jobs. They said other issues, such as governance, education, traditional activities, and federal transfers, were less important.

All this indicates a path toward greater social licence by Indigenous peoples to develop resources. For many respondents, their support hinges on the likely costs and benefits to them and their communities, as it does for most people. Respondents were more likely to support a project if it used best practices to: protect the environment (79 per cent), ensure safety (77 per cent), and benefit the community economically, such as by providing jobs and business opportunities (77 per cent). Interestingly, community consultation (69 per cent) and consent (62 per cent) were not as important, even though the public discourse tends to emphasize them.

Perhaps the most important finding was that the more a respondent thought he or she knew about the issue, the more he or she was likely to support resource development. Those who work in the industry or who discuss it beyond social media have a much better understanding of what’s needed for a project to get approved, the standards that must be adhered to, and the reclamation that must occur when a project is complete or decommissioned. For them, it’s more than saying yes or not to resource development; it’s about ensuring projects meet the highest possible standards.

The relationship between the resource sector and Indigenous communities isn’t perfect. But it’s economically important, and we would be well served by improving, not severing it. It’s high time we pushed the discussion about Indigenous peoples and resource development past polarizing and simplistic slogans. We hope this poll does just that. Most Indigenous peoples support resource development when high environmental standards are applied and good jobs and economic benefits follow. Let’s ensure that’s the case with every project.

Automotive

Canadian interest in electric vehicles falls for second year in a row: survey

Published on

From LifeSiteNews

By Clare Marie Merkowsky

Canadians’ disinterest in electric vehicles comes as the Trudeau government recently mandated that all new light-duty vehicles in Canada are zero emission by 2035.

Research has revealed that Canadians are increasingly unwilling to purchase an electric vehicle (EV).

According to an April 22 survey from AutoTrader, Canadians remain skeptical of Prime Minister Justin Trudeau’s electric vehicle mandate and ongoing advertisement surrounding electric vehicles, as interest in owning one dropped for a second year in a row.

“Overall, while almost half of non-EV owners are open to buying an EV for their next vehicle, interest in EVs has declined for the second year in a row,” reported Tiffany Ding, director of insights and intelligence at AutoTrader.

In 2022, at least 68 percent of Canadians were interested in buying an electric vehicle. However, by 2023, the number declined to 56 percent. So far in 2024, there is even less interest, with only 46 percent saying they were open to purchasing one.

“AutoTrader data shows a direct correlation to gas prices and EV interest, and since gas prices have normalized from their peak in 2022, EV interest has also dropped,” a summary of the survey explained.

However, Canadians did show a slight increase of interest in hybrid vehicles, with 62 percent of those looking to purchase an electric vehicle saying they would look at a gas-electric hybrid, compared with 60 percent in 2023.

 The survey also questioned Canadians regarding Trudeau’s Zero Emission Vehicle (ZEV) mandate, which requires all new light-duty vehicles in Canada are zero-emission by 2035, essentially banning the sale of new gasoline/diesel-only powered cars.

The mandate comes despite warnings that it would cause massive chaos by threatening to collapse the nation’s power grids.

“Over 75 percent of respondents are aware of the federal government’s ZEV mandate, which requires all new light-duty vehicles sold in Canada to be zero-emission by 2035,” the survey found.

Canadians’ concerns in buying an electric vehicle include limited travel range/distance, inadequate availability of charging stations, higher purchasing costs, and concerns that they do not perform well in cold weather.

Indeed, this winter, western Canadians experienced firsthand the unreliability of Trudeau’s “renewable” energy scheme as Alberta’s power grid nearly collapsed due to a failure of wind and solar power.

Trudeau’s plan has been roundly condemned by Canadians, including Alberta Premier Danielle Smith. In 2022, Smith denounced a federal mandate that will require all new cars sold after 2035 to be “zero emission” electric (EVs) vehicles and promised that Albertans will always have the choice to buy gasoline-powered cars.

Since taking office in 2015, Trudeau has continued to push a radical environmental agenda similar to the agendas being pushed the World Economic Forum’s “Great Reset” and the United Nations’ “Sustainable Development Goals.”

The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization in which Trudeau and some of his cabinet are involved.

The Trudeau government’s electric vehicle plan comes despite the fact Canada has the third largest oil reserves in the world. Electric cars cost thousands more to make and buy, are largely considered unsuitable for Canada’s climate as they offer poor range and long charging times during cold winters and have batteries that take tremendous resources to make and are difficult to recycle.

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Business

Ottawa’s capital gains tax hike—final nail in ‘business investment’ coffin

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From the Fraser Institute

By Tegan Hill and Jake Fuss

From 2014 to 2022, inflation-adjusted total business investment (in plants, machinery, equipment and new technologies but excluding residential construction) in Canada declined by C$34 billion. During the same period, after adjusting for inflation, business investment declined by a total of $3,748 per worker

According to the recent federal budget, the Trudeau government plans to increase the inclusion rate from 50 per cent to 66.7 per cent on capital gains over $250,000 for individuals and on all capital gains realized by corporations and trusts. Unfortunately, this tax hike will be the final nail in the coffin for business investment in Canada, which likely means even harder economic times ahead.

Canada already faces a business investment crisis. From 2014 to 2022, inflation-adjusted total business investment (in plants, machinery, equipment and new technologies but excluding residential construction) in Canada declined by C$34 billion. During the same period, after adjusting for inflation, business investment declined by a total of $3,748 per worker—from $20,264 per worker in 2014 to $16,515 per worker in 2022.

While business investment has declined in Canada since 2014, in other countries, including the United States, it’s continued to grow. This isn’t a post-COVID problem—this is a Canada problem.

And Canadians should be worried. Businesses investment is key for strong economic growth and higher living standards because when businesses invest in physical and intellectual capital they equip workers with the tools and technology (e.g. machinery, computer programs, artificial intelligence) to produce more and provide higher quality goods and services, which fuels innovation and higher productivity. And as firms become more efficient and increase profits, they’re able to pay higher wages, which is why business investment remains a key factor for higher incomes and living standards.

The Trudeau government’s policies—increased regulation, particularly in the energy and mining sectors (which makes Canada a relatively unattractive place to do business), higher and uncompetitive taxes, and massive federal deficits (which imply future tax increases)—have damaged business investment.

Unsurprisingly, weak business investment has correlated with a weak economy. In the fourth quarter of 2023, real economic growth per person ($58,111) officially fell below 2014 levels ($58,162). In other words, Canadian living standards have completely stagnated. In fact, over the last decade economic growth per person has been the weakest on record since the 1930s.

Instead of helping fix the problem, the Trudeau government’s capital gains tax hike will further damage Canada’s economy by reducing the return on investment and encouraging an exodus of capital from the country. Indeed, capital gains taxes are among the most economically-damaging forms of taxation because they reduce the incentive to invest.

Once again, the Trudeau government has enacted a policy that will deter business investment, which Canada desperately needs for strong economic growth. The key takeaway for Canadians? Barring a change in policy, you can expect harder times ahead.

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