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ARTICLE · 29 APRIL 2024

Budget 2024 – Federal Indigenous Loan Guarantee Program

McCarthy Tétrault
McCarthy Tétrault
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On April 16, 2024 the Government of Canada tabled Budget 2024: Fairness to Every Generation. In Chapter 6 of its Budget 2024 entitled "A Fair Future for Indigenous Peoples"...

CanadaGovernment, Public Sector
Canadian Energy Perspectives
Canadian Energy Perspectives
Lynn Parsons
Lynn Parsons
Stephen Furlan
Stephen Furlan
Richard O'Doherty
Richard O'Doherty
Jacob Stone
Jacob Stone
Dustin E. Seguin
Dustin E. Seguin
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On April 16, 2024 the Government of Canada tabled Budget 2024: Fairness to Every Generation. In Chapter 6 of its Budget 2024 entitled "A Fair Future for Indigenous Peoples", the federal government unveiled a basic framework for a Federal Indigenous Loan Guarantee Program (the "FILGP"). Aimed at enabling Indigenous communities to have greater access to affordable capital to assist in unlocking opportunities for equity ownership in natural resource and energy projects, the federal government provided Canadians with a first glimpse of the FILGP in the Fall Economic Strategy issued on November 21, 2023. Below is an excerpt from Budget 2024 articulating the federal government's rationale for the FILGP:

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