As the global clean technology market grows to an estimated $2.5 trillion by 2022, Project Reconciliation’s Indigenous Sovereign Wealth ESG Fund 1 (“ISWF1”) provides the foundation for Canada’s Indigenous Peoples and communities to partner with industry in energy transition development projects.
PROJECT RECONCILITION LAUNCHES
Up to $1 billion Indigenous Sovereign Wealth ESG Fund 1
Canada’s Clean Energy Transition
The global clean technology market to grow to an estimated $2.5 trillion by 2022
Renewables
Renewables, including solar, wind, hydro, biofuels and others are at the centre of the transition to a less carbon-intensive and more sustainable energy system.
Renewable natural gas
RNG is a carbon-neutral fuel capturing methane gas produced by landfills, manure digesters, sewage treatment plants and other biological sources.
Carbon capture, utilization & sequestration/storage
The CCUS process captures carbon dioxide (CO2) formed during power generation and industrial processes – storing it so that it is not emitted into the atmosphere.
Small-scale liquified natural gas
Natural gas is the cleanest fossil fuel and represents an excellent alternative to reduce greenhouse gas emissions and help combat global warming.
Blue hydrogen development
Blue hyudrogen is derived from natural gas through the process of steam methane reforming (SMR). The carbon dioxide emissions produced are then captured and stored underground using Carbon Capture, Utilization and Storage (CCUS) technology leaving nearing pure hydrogen.
PLACE AT THE TABLE
Creating Powerful Leverage for Change
Indigenous Peoples already play a leadership role as pathfinders – stewards of the land, environment and natural resources. The Fund exemplifies how partnerships between Indigenous Peoples and Canadian industry are essential to shaping Canada’s energy future and ensuring Indigenous communities benefit more directly from the ‘greening’ of Canada’s energy sector.
Project Reconciliation’s ISWF1
The ISWF1 will invest at the asset level with partners such as large utilities and energy companies with strong technical operating capabilities and the financial capacity to develop innovative technologies. The joint venture partnerships will be material equity interest (a minimum of of 25%), bringing the ISWF1 Indigenous partners “to the table” in operating decisions.
Ground-up, early-stage energy transition projects
Indigenous communities impacted by energy transition projects in which the ISWF1 invests will earn an early-stage equity interest. Once projects reach commercial-on-stream date, Indigenous communities have the option to purchase an increased equity interest.
This approach creates significant Indigenous equity participation – sharing in the operational and financial success of these projects.
Project Reconciliation – Sustainable Intergenerational Wealth
Project Reconciliation is an Indigenous-owned initiative to secure a material equity position in the Trans Mountain Pipeline and Expansion (TMX).
Upon Project Reconciliation’s successful transaction of the TMX, and on advice with ISWF1’s Indigenous Advisory Council, a meaningful portion of Indigenous-owned dividends earned from TMX pipeline operations will be re-invested into a follow-up ISWFund.
ESG – RESPONSIBLE INVESTING
The ISWF1 integrates best-practice environmental, social and governance factors
into the selection and management of all investments
ENVIRONMENT
Interaction with the environment
SOCIAL
Impact on society & community
GOVERNANCE
Standards in operations
INDIGENOUS OWNERSHIP OF TMX
Project Reconciliation
An Indigenous-owned initiative to secure a material equity position in the Trans Mountain Pipeline and Expansion Project.
We are building an innovative and inclusive coalition of Indigenous communities to come together as substantial equity owners of Canada’s Trans Mountain Pipeline and Expansion Project.
Indigenous material ownership of resource infrastructure is long overdue. It is time for our People to sit at the table as true partners, with direct influence on decisions that impact our land and waters to build a brighter future for our children.
Project Reconciliation’s plan is to acquire equity, secure decision-making influence as owners, and use earnings to support energy transition while building inter-generational wealth. Together, we can make history and secure a brighter future for generations to come.