Polaris Carbon Capture and Storage The Quest CCS facility - part of the Athabasca Oil Sands Project - has safely sequestered more than six million tonnes of CO2 in its six years of operations. Photo courtesy Shell Indigenous communities: Reconciliation Energy Transition participants TBD, Papaschase First Nation. Reconciliation Energy Transition, an affiliate of Indigenous-owned Project Reconciliation, has entered into an agreement with Shell to add “material ownership for First Nations” in the company’s proposed Polaris carbon capture and storage (CCS) project. Polaris would be Shell’s second CCS project in Alberta. Its first, called Quest, has successfully captured and stored more than six million tonnes of CO2 deep underground since startup in 2015, or the equivalent of taking more than 1.3 million cars off the road. Reconciliation Energy Transition says its investment in Polaris “will support environmental steward- ship and create pension-like intergenerational wealth – thereby supporting the path towards healing, respect and self-determination for participating Nations.” Project Reconciliation also has a bid underway for ownership of the Trans Mountain Pipeline and the expansion that is currently under construction. Ksi Lisims LNG Indigenous community: Nisga’a Nation Ksi Lisims LNG is a $10 billion proposed new Canadian natural gas export project near the Alaska border on the B.C. north coast owned jointly by the Nisga’a Nation, Rockies LNG and Western LNG. The community has been working to attract an LNG project to its lands for close to a decade, accord- ing to Nisga’a Nation president Eva Clayton. Ksi Lisims LNG filed its initial description of the floating project with provincial and federal regulators in July. Startup is planned in late 2027 or 2028.
Cascade Power Project Artist’s rendering of the Cascade Power Project. Image courtesy Kineticor Resource Corp. Indigenous communities: Alexis Nakota Sioux Nation, Enoch Cree Nation, Kehewin Cree Nation, O’Chiese First Nation, Paul First Nation, Whitefish Lake First Nation A new natural gas-fired power plant being built with capacity to supply eight per cent of Alberta’s electricity requirements is partly owned by six First Nations communities. The Indigenous Communities Syndicate is investing $93 million for an equity stake in the Cascade Power Project, operated by Kineticor Resource Corp. Cascade is currently under construction and expected to start operating in 2023. Securing the deal, supported by the Alberta Indigenous Opportunities Corporation, is “transformational” for the First Nations communities, said Alexis Nakota Sioux Chief Tony Alexis.
“ Projects improve industry’s environmental per - formance and enable First Nations self-determi - nation”
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JANUARY/FEBRUARY 2022 • SPOTLIGHT ON BUSINESS MAGAZINE
SPOTLIGHT ON BUSINESS MAGAZINE • JANUARY/FEBRUARY 2022
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