Tahltan Nation makes largest clean energy investment by a First Nation in BC history
The Tahltan Nation has purchased five per cent – from Axium and Manulife – of the Northwest British Columbia Hydro Electric Facilities. — Photo courtesy AltaGas (file)
The Tahltan Nation – located in Northwest British Columbia and comprising the communities of Iskut, Dease Lake and Telegraph Creek – has made the largest clean energy investment by a First Nation in British Columbia’s history, and one of the largest clean energy investments by a First Nation in Canadian history.
The Tahltan Nation announced that it has purchased five per cent – from Axium and Manulife – of the Northwest British Columbia Hydro Electric Facilities, comprising three run-of-the-river projects: Forrest Kerr, McLymont Creek and Volcano Creek, located in Tahltan Territory.
Today’s announcement marks an important milestone for the Tahltan Nation as it continues to move towards its goal of becoming an economically independent and self-sufficient First Nation. In partnering with Axium Infrastructure Canada, Manulife Financial Corporation and AltaGas Canada Inc., the Tahltan Nation is now part owner of a clean energy asset that is valued well over $2.5 billion.
Quotes
“This clean energy deal is another of several recent examples of how the Tahltan Nation continues to carefully use our collective title and rights to empower our people and move towards economic independence. Our continued unity and strength within the Tahltan Nation have paved the way for this historic economic achievement and we are extremely excited to have this significant asset and revenue stream for generations to come.” – Chad Norman Day, President of the Tahltan Central Government
“I am excited about the opportunities that come with the establishment of a strong partnership with Axium Infrastructure Canada, Manulife Financial Corporation and AltaGas Canada, including vast capacity building for our Nation and communities.” – Marie Quock, Chief of the Iskut Band
“This clean energy deal is a game-changer and will provide our Nation with an asset that will give back for over 100 years.” – Rick McLean, Chief of the Tahltan Band
“We welcome the Tahltan Nation’s equity investment in the hydroelectric projects and look forward to our long-term partnership together.” – Juan Caceres, Vice President and Senior Investment Director, Axium Infrastructure Canada Inc.
“Manulife was delighted to have made our investment in these high-quality renewable energy facilities and are thrilled to have the Tahltan Nation join as a long-term equity partner.” – Richard Lee, Senior Managing Director – Infrastructure Investments, Manulife Financial Corporation
“We are extremely pleased to have the Tahltan Nation invest in the Northwest BC Hydroelectric Facilities. They have been a great partner on these facilities since the very beginning of the project and we look forward to working even closer with the Tahltan Nation, Axium and Manulife.” – Jared Green, President and Chief Executive Officer of AltaGas Canada Inc.
