REDWASHING EXTRACTION - Indigenous Relations at Canada’s Big Five Banks - BY ROBERT HOULE

20.500.12592/cpp8sw

REDWASHING EXTRACTION - Indigenous Relations at Canada’s Big Five Banks - BY ROBERT HOULE

10 Aug 2022

How are banks responding to the rise of EDITOR Indigenous rights? Hayden King The “Redwashing Extraction” research team analyzed the role that COPY EDITOR the Royal Bank of Canada, Toronto Dominion, Scotiabank, Bank Jasmyn Galley of Montreal, and the Canadian Imperial Bank of Commerce have played financing resource extraction against the backdrop of their approaches to Indigenous relations more ge. [...] The construction of the Kenney Dam and subsequent Rio Tinto Alcan Mining Company’s management of the Nachako river prompted Saik’uz Free Prior and Informed Consent (FPIC) and Stellat’en to seek an injunction against the resultant harm to the Free Prior and Informed Consent is a concept most notably described in watershed, which prevented the exercise of their rights. [...] From the initial exploration of Mirroring many other industries Major transportation routes for natural resources to the project proposals and in Canada, namely the resource resources, access to remote leases, the extraction itself, each party along industry, financial institutions have and the leases themselves, all have the way bears some of the duties owed fallen into a zero-sum approach to tan. [...] accepted process between the client and (and effectively heralded by the Affected Communities of Indigenous organization as a progressive partner Peoples, and (ii) evidence of agreement This creates situations in which to communities), a proponent should between the parties as the outcome of the proponents like the Big Five Banks be expected to pay just under $20,000 negotiations. [...] on the watershed, and the potential Misdirection and misinformation Further to that, by allowing industrial infringement of rights, they ultimately continue to be the main tools for development and taking up of lands, ruled in favour of the third-party resource extraction companies including those that lie in the BRFN proponent Rio Tinto Alcan Inc.
Pages
25
Published in
Canada