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ARTICLE · 30 OCTOBER 2019

Bill 14: The Alberta Indigenous Opportunities Corporation Act

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On October 8, 2019, Alberta's United Conservative government introduced Bill 14 - Alberta Indigenous Opportunities Corporation Act. This Bill creates the Alberta Indigenous Opportunities Corporation

CanadaGovernment, Public Sector
Lorne Rollheiser
Lorne Rollheiser
Scott Smith
Scott Smith
Aneeka Sandher
Aneeka Sandher
Adriana Da Silva Bellini
Adriana Da Silva Bellini
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On October 8, 2019, Alberta's United Conservative government introduced Bill 14 - Alberta Indigenous Opportunities Corporation Act. This Bill creates the Alberta Indigenous Opportunities Corporation (AIOC), a crown corporation intended to facilitate investment and access to capital by Indigenous groups in natural resource projects and related infrastructure. The AIOC, if successfully established, will be the first of its kind in Canada.

Essentially, the AIOC would provide a backstop of up to $1 billion in loan guarantees and other financial tools to help Indigenous communities invest in major natural resource projects.

Under Bill 14, the following Indigenous groups are eligible and will be able to apply for the AIOC's assistance:

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