Almost 10 years later, in 1996, an MOU was signed creating a co-management board for IOGC with representatives from IRC, the government, and industry. The long-term vision was to have member IRC First Nations direct and assume full control of the IOGC. First Nations want control over their natural resources, says Kaida, but Canada needs to maintain the fiduciary responsibility, which includes liability. Community support was needed for First Nations to enact FNOGMMA, but that didn’t happen on the oil and gas side. “If First Nations opt into FNOGMMA, they would relieve Canada of their fiduciary duty over their oil and gas resources.

Source: thestar July 16, 2021 20:15 UTC