B.C. and the Blueberry River First Nation agreement could spell greater certainty for developers on treaty lands across Canada. Read on
As well, the agreement creates a $200 million restoration fund, meant to restore land from industrial disturbance by 2025, and an $87.5 million financial package that may increase depending on petroleum and natural gas revenue-sharing and provincial royalty revenues in the next two years.
Although texts of the agreements remain confidential, it’s apparent that they will impose additional regulatory requirements on developers.Article content While the co-management approach is new to the Aboriginal rights arena, it’s similar to what occurs in municipal land-use planning, albeit on a far different scale, with potential implications throughout Canada.Article content
Even seen on its own, the BFRN agreement covers some 38,000 acres just northwest of Fort John, B.C., and includes most of the Montney Formation — one of the country’s most active natural gas development targets — as well as municipalities such as Fort St. John and Dawson Creek, forestry operations, two hydroelectric dams, and the controversial Site C dam under-construction on the Peace River.
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