First Nations Bank of Canada President and CEO Bill Lomax has issued a cautionary message to the Canadian government regarding the consultation process with Indigenous communities for major energy projects. Speaking at an industry event, Lomax emphasized the need for a deliberate and respectful approach, encapsulated in the phrase 'go slow to go fast.'
Call for Patience and Collaboration
Lomax highlighted that rushing consultations could lead to legal challenges, delays, and damaged relationships. Instead, he advocated for meaningful engagement that respects Indigenous rights and knowledge. 'Taking the time to build trust and understand community concerns ultimately speeds up project approvals and reduces risks,' he stated.
Opportunities in Energy Projects
The CEO pointed to the vast economic potential of proposed energy developments, including pipelines and renewable energy initiatives. However, he stressed that these opportunities can only be realized if Indigenous communities are treated as equal partners. 'Indigenous peoples are not just stakeholders; they are rights holders,' Lomax said.
His remarks come amid ongoing debates over major projects like the Trans Mountain pipeline expansion and liquefied natural gas facilities. The federal government has committed to implementing the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), which requires free, prior, and informed consent.
Industry and Government Response
Industry representatives have echoed Lomax's sentiments, noting that early and continuous consultation reduces litigation and project cancellations. A spokesperson for the Canadian Association of Petroleum Producers said, 'We support a collaborative approach that respects Indigenous rights and delivers economic benefits.'
Government officials have acknowledged the need for improved consultation processes. A senior official from the Ministry of Natural Resources stated, 'We are committed to working with Indigenous communities to ensure their voices are heard and their rights are protected.'
Broader Implications
Lomax's advice extends beyond energy projects to all major infrastructure developments. He urged governments and corporations to adopt a long-term perspective, warning that shortcuts could undermine Canada's social license to operate. 'The goal is not just to get projects built, but to build them in a way that leaves a positive legacy,' he concluded.
