Seven First Nations strike historic deal on nuclear power – Yahoo Sports

September 26, 2023

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 and ARC, 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.

“As a wise elder once told me, for many years, we’ve watched industry pass us by,” said Terry Richardson, the chief of Oinpegitjoig (Pabineau First Nation). “We’ve watched the trucks pass by our communities hauling minerals, hauling stuff, but no benefit for First Nations. Now, we’re at the table. We’re having benefit. And it will create wealth.”

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