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TheTyee.ca - New fund to give First Nations equity in power projects

Ecotrust Canada and two aboriginal capital corporations have partnered to help First Nations take ownership of power projects on their traditional territories, writes Colleen Kimmett on TheTyee.ca's blog.

Today they launched the $7 million First Nation Regeneration Fund, to give First Nations and band councils money to purchase equity shares in run-of-river projects.

Ecotrust Canada, the Tribal Resource Investment Corporation and the Tale'awtxw Aboriginal Capital Corporation provided $4 million altogether and the federal Ministry of Indian Affairs and Northern Development provided $3 million.

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