Northern Miner quotes Toronto and Vancouver lawyers Sophie Langlois and Zach Romano in an article on Indigenous participation in ESG.
“On the proponent side, in addition to bringing into alignment interest, equity is also a tool that can be used to help secure the very important support and at times consent by the Indigenous community and to manage some of those project risks that arise in this regard,” said Sophie Langlois, an associate at Fasken.
“In every single conversation I’ve had with First Nations and negotiating agreements over the last few years, the question of ‘would you consider equity participation’ is part of the conversation,” said Zach Romano, a partner at Fasken. “Simply, if a company has a right to produce for resource extraction, the nation is interested in owning a piece of that right. That’s in some cases philosophically important to them.”