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‘Now, we’re at the table’: Seven New Brunswick First Nations strike historic deal on nuclear power – Saltwire

by ahnationtalk on September 27, 202331 Views

North Shore Mi’kmaq Tribal Council pens equity deal with with Moltex Energy Canada and ARC Clean Technology for the development of small modular nuclear reactors

Seven Mi’kmaq communities in New Brunswick and the tribal organization that represents them are investing in two companies that want to build small nuclear reactors in the province, a controversial decision not all Indigenous leaders support.

The North Shore Mi’kmaq Tribal Council and the seven First Nations whose communities hug New Brunswick’s northern and eastern shores are making financial investments in both Moltex Energy Canada and ARC Clean Technology, via separate agreements.

One will see them receiving $2 million in share value from Moltex, and the other $1 million in share value from ARC.

Indigenous leaders who gathered with company officials at the Saint John Arts Centre on Monday morning said they had struck the historic, unprecedented deal to help avert a global warming crisis and to create jobs for young First Nations people, along with renewed economic activity in their communities.

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