CALGARY - Indigenous leaders say they hope other companies will follow the lead of Cenovus Energy Inc. after it pledged to give $10 million per year over the next five years to support housing in six northern Alberta communities near its oilsands operations. Every day, there’s a new child being born to a new family,” she said at an event in Calgary to announce the initiative. “Our revenues in our nation have dropped to a third of what they were six years ago,” he said. Cenovus says the $50 million is expected to be used to build about 200 new homes, employing local people who will gain experience and training in the process and may eventually go to work in the oilsands. The program could be extended by five years with another $50 million if it meets Cenovus’s performance expectations, Pourbaix said.

Source: thestar January 30, 2020 19:18 UTC