WEBVTT 00:00:10.729 --> 00:00:14.710 Welcome to Drumbeats. I'm Mark McNacca, and I'm 00:00:14.710 --> 00:00:17.769 here with my co -host, Robert Brandt, for Drumbeats, 00:00:17.850 --> 00:00:19.710 and we're both the co -chairs of the Canadian 00:00:19.710 --> 00:00:22.949 Indigenous Investment Annual Summit. We've both 00:00:22.949 --> 00:00:25.789 made our home in the UK, and we've lived here 00:00:25.789 --> 00:00:30.089 for a number of years. Rob, welcome to our podcast. 00:00:30.289 --> 00:00:33.770 Great to be doing this with you. Thanks, Mark. 00:00:34.310 --> 00:00:36.450 And for everybody out there, I'm Rob Brandt, 00:00:36.450 --> 00:00:39.030 the managing partner of McCarthy Tatro's London 00:00:39.030 --> 00:00:42.619 office. McCarthy Teacher was a Canadian law firm, 00:00:42.780 --> 00:00:46.880 full service across Canada and offices also here 00:00:46.880 --> 00:00:50.460 in London and in New York as well. I'm also happen 00:00:50.460 --> 00:00:54.380 to be a Mohawk, a member of the Bay Mohawks of 00:00:54.380 --> 00:00:58.600 the Bay of Quinte, which is the territory between 00:00:58.600 --> 00:01:03.659 Toronto and Montreal. Great. And, you know, I 00:01:03.659 --> 00:01:06.420 believe all podcasts have their compelling backstory. 00:01:07.549 --> 00:01:09.930 And drum beats is no different. So I remember 00:01:09.930 --> 00:01:14.129 last year, June 23, I was over at Canada House 00:01:14.129 --> 00:01:17.750 and there were two Indigenous leaders up on stage. 00:01:17.969 --> 00:01:20.409 One of them said he was off to Buckingham Palace 00:01:20.409 --> 00:01:22.530 and for most people probably thought he was on 00:01:22.530 --> 00:01:26.329 a tour, but I'm sure he was to meet the Queen 00:01:26.329 --> 00:01:29.189 or the King at that time. And the other was yourself, 00:01:29.489 --> 00:01:31.670 Robin. I remember seeing that and I saw your 00:01:31.670 --> 00:01:35.170 name up there and I thought, no way. So I got 00:01:35.170 --> 00:01:37.980 an introduction. to you and said, you know, my 00:01:37.980 --> 00:01:40.400 name is Mark McNack. And are you a descendant 00:01:40.400 --> 00:01:43.359 of the famous Chief Joseph Brant? And you, of 00:01:43.359 --> 00:01:45.900 course, said, yes, you are. And I said, wow, 00:01:46.060 --> 00:01:49.319 my direct descendant fought with Chief Joseph 00:01:49.319 --> 00:01:51.900 Brant in the American Revolutionary War as one 00:01:51.900 --> 00:01:55.400 of Brant's loyalists. And so for me, that was 00:01:55.400 --> 00:01:58.219 very special to think after all this time, and 00:01:58.219 --> 00:02:00.560 here we are in London, of all places, we never 00:02:00.560 --> 00:02:04.920 met each other. And we were now connected. So 00:02:05.799 --> 00:02:08.199 I remember you looking at me, you know, saying 00:02:08.199 --> 00:02:09.960 very clearly you were. So why don't you tell 00:02:09.960 --> 00:02:13.199 your response to that and we can, you know, work 00:02:13.199 --> 00:02:15.659 through that story. Yeah, I couldn't believe 00:02:15.659 --> 00:02:17.879 we hadn't met before, Mark, because we've both 00:02:17.879 --> 00:02:21.900 been in London for many decades. But it was an 00:02:21.900 --> 00:02:25.719 event focused around Indigenous investment that 00:02:25.719 --> 00:02:29.280 brought us together. And probably a sign of the 00:02:29.280 --> 00:02:31.400 times because there's so many things happening 00:02:31.400 --> 00:02:35.330 in Canada in this space right now. So it was 00:02:35.330 --> 00:02:38.490 very fortuitous that the two of us should meet 00:02:38.490 --> 00:02:42.569 at this moment in time, both with our contacts 00:02:42.569 --> 00:02:46.509 in the City of London and our personal backgrounds 00:02:46.509 --> 00:02:50.949 and interests in this space. I loved it. Yes. 00:02:50.969 --> 00:02:52.729 And, you know, one of the interesting things 00:02:52.729 --> 00:02:57.710 when we met, Rob, and you were telling me about 00:02:57.710 --> 00:03:01.400 the challenges for Indigenous people. in Canada 00:03:01.400 --> 00:03:04.360 and you know many have not heard what's happened 00:03:04.360 --> 00:03:07.740 you know the traumatic experience that has passed 00:03:07.740 --> 00:03:10.240 through generations for the Indigenous people 00:03:10.240 --> 00:03:13.400 in Canada and the challenges and you're part 00:03:13.400 --> 00:03:16.319 of that new generation of Indigenous leaders 00:03:16.319 --> 00:03:22.360 who you know are of course defending the rights 00:03:22.360 --> 00:03:25.180 of Indigenous people in Canada you're also working 00:03:25.180 --> 00:03:28.800 with other Canadians for their own success and 00:03:28.800 --> 00:03:31.219 trying to create the country that I think our 00:03:31.219 --> 00:03:34.360 ancestors always dreamed that Canada would be. 00:03:35.199 --> 00:03:38.000 Equal opportunity for all, very respectful of 00:03:38.000 --> 00:03:42.699 our Indigenous people who actually are the guardians 00:03:42.699 --> 00:03:47.300 of the land that some of us now call home. So, 00:03:47.300 --> 00:03:50.020 you know, that was for me, I thought my ancestor 00:03:50.020 --> 00:03:53.810 would have been very ashamed to think of. what 00:03:53.810 --> 00:03:55.849 had happened to the relationship between the 00:03:55.849 --> 00:03:58.469 Indigenous people and new Canadians, as they 00:03:58.469 --> 00:04:01.370 were probably referred to then. So this podcast 00:04:01.370 --> 00:04:04.610 comes out of that. And, you know, it's for anyone 00:04:04.610 --> 00:04:08.129 who's considering investing in Canada. And Canada 00:04:08.129 --> 00:04:11.930 is one of the top FDI destinations in the world. 00:04:12.229 --> 00:04:15.009 It's certainly one of the most attractive. And 00:04:15.009 --> 00:04:17.910 especially when we look at all the changes with 00:04:17.910 --> 00:04:20.990 the supply chain that's happened, on -shoring, 00:04:21.089 --> 00:04:24.050 friend -shoring. You know, Canada is bordered 00:04:24.050 --> 00:04:27.610 by three oceans, the Pacific, the Atlantic and 00:04:27.610 --> 00:04:31.490 the Arctic. And if people are looking at putting 00:04:31.490 --> 00:04:34.110 their money, Canada always ranks around one of 00:04:34.110 --> 00:04:37.470 the top spots. And for UK business, you know, 00:04:37.490 --> 00:04:40.750 it accounts for 41 billion of the outward stock 00:04:40.750 --> 00:04:43.990 of FDI resides in Canada. That's in pounds. And 00:04:43.990 --> 00:04:47.930 that's 2 % of the total UK outward FDI stock 00:04:47.930 --> 00:04:52.220 in the last year for records, 2023 over 22. 2022, 00:04:52.480 --> 00:04:55.240 that was an increase of nearly 50%, which is 00:04:55.240 --> 00:04:59.220 absolutely huge. And from that point of view, 00:04:59.259 --> 00:05:01.399 it's important. And the UK's Department for Business 00:05:01.399 --> 00:05:06.199 and Trade represents Canada's the 15th largest 00:05:06.199 --> 00:05:09.420 trading partner. So it demonstrates there's a 00:05:09.420 --> 00:05:12.699 huge opportunity and there's over 13 ,000 VAT 00:05:12.699 --> 00:05:16.120 registered businesses in the UK that have investments 00:05:16.120 --> 00:05:20.069 in Canada. so it becomes you know one of the 00:05:20.069 --> 00:05:23.550 key places if you're looking as they are in the 00:05:23.550 --> 00:05:27.370 city of london where to put the money canada 00:05:27.370 --> 00:05:30.149 is always up there is one of the top spots and 00:05:30.149 --> 00:05:31.889 of course the city of london is one of the great 00:05:31.889 --> 00:05:33.750 financial centers of the world along with new 00:05:33.750 --> 00:05:36.990 york and tokyo london's always benefit from trade 00:05:36.990 --> 00:05:40.689 from pre -roman times to roman times to through 00:05:40.689 --> 00:05:43.949 the british empire and post -world war ii of 00:05:43.949 --> 00:05:47.290 course london remains this great cosmopolitan 00:05:47.290 --> 00:05:51.089 hub where people come with ideas, innovations, 00:05:51.370 --> 00:05:54.850 and to make money because the city is still where 00:05:54.850 --> 00:05:57.149 deal -making takes place. It's where people connect 00:05:57.149 --> 00:06:01.410 across countries and cultures to make things 00:06:01.410 --> 00:06:06.430 happen. So with that ranking of the money that's 00:06:06.430 --> 00:06:09.589 here looking for places to park it, that's where 00:06:09.589 --> 00:06:11.970 Canada comes up. If you're going to invest in 00:06:11.970 --> 00:06:17.730 Canada today, you have to understand about the 00:06:17.730 --> 00:06:20.189 Indigenous investment opportunities and how it 00:06:20.189 --> 00:06:23.110 affects any investment in Canada. Rob, how about 00:06:23.110 --> 00:06:25.069 you talk a bit more about that for our listeners? 00:06:25.870 --> 00:06:28.029 Yeah, it's a really interesting, exciting time 00:06:28.029 --> 00:06:32.629 in Canada. Canada is so well positioned to provide 00:06:32.629 --> 00:06:37.069 the world, really the world, with all the resources 00:06:37.069 --> 00:06:42.250 and power that it needs. Abundant resources, 00:06:42.750 --> 00:06:46.720 tradition. and history of knowing how to get 00:06:46.720 --> 00:06:49.879 those resources out of the ground and to market, 00:06:50.060 --> 00:06:55.139 stable democracy, and a jurisdiction that respects 00:06:55.139 --> 00:07:00.480 the law, the rule of law. And when it comes to 00:07:00.480 --> 00:07:05.040 Indigenous investment opportunities, it is said 00:07:05.040 --> 00:07:09.360 that all roads to net zero and energy transition 00:07:09.360 --> 00:07:15.629 lead through Indigenous territories. And so with 00:07:15.629 --> 00:07:21.269 changes in Canadian law, adopting the UN Declaration 00:07:21.269 --> 00:07:25.069 on the Rights of Indigenous Peoples, that will 00:07:25.069 --> 00:07:31.009 give Indigenous nations a veto over projects 00:07:31.009 --> 00:07:36.949 in their territories. And our courts in Canada 00:07:36.949 --> 00:07:41.399 have been citing... on the rights of Indigenous 00:07:41.399 --> 00:07:46.079 peoples and advancing those rights gradually 00:07:46.079 --> 00:07:51.740 through case law. And so it all adds up to a 00:07:51.740 --> 00:07:55.120 really interesting time in Canada and some great 00:07:55.120 --> 00:07:58.540 opportunities, some really unique projects where 00:07:58.540 --> 00:08:02.339 Indigenous peoples are taking a real, say, an 00:08:02.339 --> 00:08:06.240 equity stake, a meaningful equity stake. They 00:08:06.240 --> 00:08:09.269 want a seat at the board table. It's not enough 00:08:09.269 --> 00:08:14.069 to promise jobs or a royalty. They want a real 00:08:14.069 --> 00:08:18.350 say in how these projects get developed and managed 00:08:18.350 --> 00:08:22.389 and operated. So I think one of the interesting 00:08:22.389 --> 00:08:24.769 things for, certainly, you know, everybody's 00:08:24.769 --> 00:08:26.810 heard of, most people have heard of London as 00:08:26.810 --> 00:08:29.290 a financial center. What I don't think they appreciate 00:08:29.290 --> 00:08:30.970 is when we talk about the Indigenous peoples 00:08:30.970 --> 00:08:33.690 of Canada, of course, there's, you know, the 00:08:33.690 --> 00:08:39.360 First Nations. there's the Inuit, and there's 00:08:39.360 --> 00:08:44.779 also the Métis. And those three groups of Indigenous 00:08:44.779 --> 00:08:49.139 people cover close to 700 different tribes. So, 00:08:49.179 --> 00:08:53.519 Rob, you're part of the Mohawks, right? But there's 00:08:53.519 --> 00:08:57.139 all kinds of different tribes, but they all are 00:08:57.139 --> 00:08:59.779 benefiting from this opportunity in front of 00:08:59.779 --> 00:09:02.139 them in terms of... economic reconciliation, 00:09:02.379 --> 00:09:04.700 which is part of an overall reconciliation with 00:09:04.700 --> 00:09:07.639 Canadian society as a whole. But when groups 00:09:07.639 --> 00:09:11.279 are dealing with, you know, from 700, it sounds 00:09:11.279 --> 00:09:14.340 like it's a very complex effort to do that. But 00:09:14.340 --> 00:09:16.419 this is just going to become a fact of life for 00:09:16.419 --> 00:09:19.320 Canada and people investing in Canada in the 00:09:19.320 --> 00:09:22.659 future, isn't it? Absolutely. Those communities, 00:09:22.940 --> 00:09:25.139 Indigenous communities, are spread across the 00:09:25.139 --> 00:09:32.379 country, east, west, north. I hope with this 00:09:32.379 --> 00:09:34.840 podcast we'll dispel some myths that Indigenous 00:09:34.840 --> 00:09:38.840 communities are against development. For the 00:09:38.840 --> 00:09:41.720 most part, when they are approached in a respectful 00:09:41.720 --> 00:09:45.980 way at an early stage and given a meaningful 00:09:45.980 --> 00:09:50.419 say in these projects, they are on side. And 00:09:50.419 --> 00:09:54.179 I hope through this podcast we'll get to interview 00:09:54.179 --> 00:09:56.740 some of the people who are making these deals 00:09:56.740 --> 00:10:01.379 happen. and really get into understanding their 00:10:01.379 --> 00:10:05.299 rationale, their thinking, and some of the details 00:10:05.299 --> 00:10:08.220 of how they're structuring these transactions, 00:10:08.419 --> 00:10:11.679 because it is unique amongst the rest of the 00:10:11.679 --> 00:10:15.019 world. We're getting calls from Australia, countries 00:10:15.019 --> 00:10:20.100 in Africa, South America, Indigenous communities 00:10:20.100 --> 00:10:22.740 who are noticing some of the things happening 00:10:22.740 --> 00:10:25.789 in Canada, wondering how. what they could they 00:10:25.789 --> 00:10:28.190 can learn from some of these deals and structures 00:10:28.190 --> 00:10:32.889 yes and I've also been speaking to some individuals 00:10:32.889 --> 00:10:35.669 who have assets in Africa in different places 00:10:35.669 --> 00:10:39.269 and are dealing with Canadian firms and they're 00:10:39.269 --> 00:10:42.610 saying you know this indigenous issue is not 00:10:42.610 --> 00:10:45.269 just as you said in Canada it's elsewhere but 00:10:45.269 --> 00:10:47.350 Canadian firms are now particularly sensitive 00:10:47.350 --> 00:10:50.070 to it I don't think you know Canada's got a very 00:10:51.340 --> 00:10:55.360 how do we say, consolidated banking sector. And, 00:10:55.379 --> 00:10:59.340 you know, all six banks recognize the importance 00:10:59.340 --> 00:11:04.620 of any investments in Canada, following the letter 00:11:04.620 --> 00:11:08.460 of law and the spirit of the law. So, you know, 00:11:08.480 --> 00:11:10.539 it's not something if you're investing in Canada, 00:11:10.620 --> 00:11:16.059 you can avoid. More likely than not, if you're 00:11:16.059 --> 00:11:19.700 investing in physical assets. you are going to 00:11:19.700 --> 00:11:22.500 be coming across an Indigenous group that, as 00:11:22.500 --> 00:11:25.879 you say, has a seat at the table, right? And 00:11:25.879 --> 00:11:28.419 they want to participate in that growth. So it's 00:11:28.419 --> 00:11:30.519 not, oh, just give us a few jobs or something. 00:11:31.220 --> 00:11:33.519 They want to participate in that growth. And 00:11:33.519 --> 00:11:36.179 there's more and more people of our generation 00:11:36.179 --> 00:11:39.639 and the younger generations who are leading that 00:11:39.639 --> 00:11:41.860 charge, who've grown up in the financial centers 00:11:41.860 --> 00:11:46.740 or in the large enterprises. who now are saying 00:11:46.740 --> 00:11:49.600 gee i want to bring my skills to help my my tribe 00:11:49.600 --> 00:11:53.360 or my community or my nation to achieve all that 00:11:53.360 --> 00:11:56.299 they can be so that is really exciting and it's 00:11:56.299 --> 00:12:00.200 a it's a dynamic and changing environment that 00:12:00.200 --> 00:12:03.940 there's a lot on the go for and i hope that by 00:12:03.940 --> 00:12:05.639 talking to some of the people who are involved 00:12:05.639 --> 00:12:09.460 in these deals that our listeners will get an 00:12:09.460 --> 00:12:13.799 understanding of how to approach these transactions, 00:12:14.120 --> 00:12:18.360 how to successfully pull them off. And I hope 00:12:18.360 --> 00:12:20.980 we can highlight all of the new opportunities 00:12:20.980 --> 00:12:25.279 that are available in Canada. And the deals seem 00:12:25.279 --> 00:12:28.200 to be coming out every week, if not more frequently. 00:12:28.419 --> 00:12:31.059 There was a couple in the past few weeks, maybe 00:12:31.059 --> 00:12:33.700 you'd just like to talk on, just mentioned for 00:12:33.700 --> 00:12:35.879 some of our listeners to appreciate the scale 00:12:35.879 --> 00:12:37.899 of the opportunities and the type of deals that 00:12:37.899 --> 00:12:42.610 are happening at this stage. Indigenous communities 00:12:42.610 --> 00:12:47.690 take a more active involvement in the sectors 00:12:47.690 --> 00:12:51.950 that affect their communities. And so a couple 00:12:51.950 --> 00:12:53.970 of weeks ago, it was announced that Bell Canada 00:12:53.970 --> 00:12:57.470 was selling its Northern Antarctic telecoms business 00:12:57.470 --> 00:13:02.690 to a syndicate of First Nations and Inuit communities. 00:13:03.809 --> 00:13:08.159 That's a billion -dollar transaction. And one 00:13:08.159 --> 00:13:13.200 of just many sticking on the West Coast. It was 00:13:13.200 --> 00:13:17.419 also just announced that the First Nations communities 00:13:17.419 --> 00:13:20.740 on the West Coast were going to take a majority 00:13:20.740 --> 00:13:29.740 ownership in an LNG export facility. In Saskatchewan, 00:13:29.799 --> 00:13:32.279 it was announced the major wind power project 00:13:32.279 --> 00:13:37.639 with Enbridge again. Syndicate of First Nations 00:13:37.639 --> 00:13:42.639 are going to partner with Enbridge. In Ontario, 00:13:42.759 --> 00:13:47.799 you've got Hydro One announcing that they are 00:13:47.799 --> 00:13:51.840 not going to build any more transition lines 00:13:51.840 --> 00:13:57.460 without the majority investment from local Indigenous 00:13:57.460 --> 00:14:00.259 communities that are affected by those lines. 00:14:01.159 --> 00:14:05.259 And on the East Coast, you've had First Nations 00:14:05.259 --> 00:14:07.940 acquiring a majority stake in Clearwater Foods, 00:14:08.039 --> 00:14:12.200 one of the largest seafood producers in the world. 00:14:14.379 --> 00:14:18.039 So lots of great examples, and I hope we can 00:14:18.039 --> 00:14:19.899 get some of the people who've been involved in 00:14:19.899 --> 00:14:23.620 those and many other transactions on our podcast 00:14:23.620 --> 00:14:28.179 to talk about the ins and outs. Yes, that's what 00:14:28.179 --> 00:14:31.220 we're aspiring to do, and I'm sure we'll have 00:14:31.220 --> 00:14:35.009 many of them. on the next few weeks and you just 00:14:35.009 --> 00:14:36.990 mentioned about transmission lines and i think 00:14:36.990 --> 00:14:39.070 everybody around the world knows that you know 00:14:39.070 --> 00:14:41.789 the transmission lines that were built you know 00:14:41.789 --> 00:14:45.210 50 100 years ago they're not really set up for 00:14:45.210 --> 00:14:48.629 all the different new sources of energy and the 00:14:48.629 --> 00:14:52.450 actual demand from computing power so we had 00:14:52.450 --> 00:14:55.250 the deputy premier of labrador newfoundland over 00:14:55.250 --> 00:14:57.649 and you know all the groups are up there all 00:14:57.649 --> 00:15:00.429 the All the name, all the tech firms are up there 00:15:00.429 --> 00:15:02.289 trying to talk, gee, we'd love to put something 00:15:02.289 --> 00:15:04.289 up here because it's nice and cold so we don't 00:15:04.289 --> 00:15:07.250 have to worry about heating. And, you know, Newfoundland 00:15:07.250 --> 00:15:08.990 and Labrador, you've got, you know, the Atlantic 00:15:08.990 --> 00:15:12.669 Ocean, you've got the Arctic Ocean nearby to 00:15:12.669 --> 00:15:15.149 help cool things down. But, you know, all those 00:15:15.149 --> 00:15:19.330 deals are going to happen. And over time, it's 00:15:19.330 --> 00:15:22.090 not a question of some of these indigenous groups 00:15:22.090 --> 00:15:24.769 needing money. Over time, these are going to 00:15:24.769 --> 00:15:27.840 become very wealthy nations. in their own right 00:15:27.840 --> 00:15:29.700 and going to be looking, well, where will we 00:15:29.700 --> 00:15:32.620 be investing? And who will we be investing with? 00:15:33.600 --> 00:15:35.899 So those are some of the issues that we want 00:15:35.899 --> 00:15:38.580 to be talking about. And we'll be talking about 00:15:38.580 --> 00:15:40.799 over the next few weeks. Somebody's going to 00:15:40.799 --> 00:15:43.820 ask us, why is this called drumbeats? And it's 00:15:43.820 --> 00:15:48.299 called drumbeats, because this is a podcast about 00:15:48.299 --> 00:15:50.519 the investment opportunities with Indigenous 00:15:50.519 --> 00:15:52.299 peoples. And of course, we're going to talk about 00:15:52.299 --> 00:15:55.340 the broader reconciliation issues as well. But 00:15:55.340 --> 00:15:58.940 we We chose drum beats for a particular reason. 00:15:59.580 --> 00:16:01.799 Rob, would you like to give some insight into 00:16:01.799 --> 00:16:03.940 that for some of our non -Indigenous listeners? 00:16:04.799 --> 00:16:09.120 Sure, very briefly. The drum is an almost universal 00:16:09.120 --> 00:16:13.600 symbol in Indigenous communities across Canada. 00:16:14.240 --> 00:16:17.500 And in many communities, the drum represents 00:16:17.500 --> 00:16:23.000 almost the heartbeat of the culture. And most 00:16:23.000 --> 00:16:27.000 often, those drums are made of... animal hides 00:16:27.000 --> 00:16:30.700 or trees. And it is believed that the spirits 00:16:30.700 --> 00:16:34.759 of those animals and trees live within those 00:16:34.759 --> 00:16:40.100 drums. And as I say, provide the heartbeat of 00:16:40.100 --> 00:16:43.179 the culture used not just for musical instruments, 00:16:43.360 --> 00:16:48.519 but an important part of prayer ceremonies. And 00:16:48.519 --> 00:16:55.850 so I think a very apt name for our podcast. Great. 00:16:55.870 --> 00:16:58.070 I think it's a great name. And you talk about 00:16:58.070 --> 00:17:00.309 the heartbeat. So this is the heartbeat for news 00:17:00.309 --> 00:17:03.490 and information about Indigenous investing in 00:17:03.490 --> 00:17:05.589 Canada. And this is where we'll get the stories 00:17:05.589 --> 00:17:07.650 out first. We'll talk to all the right people. 00:17:07.690 --> 00:17:10.349 We'll amplify the investment opportunities. We'll 00:17:10.349 --> 00:17:12.670 amplify the successful deals, the deals that 00:17:12.670 --> 00:17:15.930 we can all learn from in the next weeks and months, 00:17:16.049 --> 00:17:19.829 during the course of the next year and onwards. 00:17:22.309 --> 00:17:24.609 Drumbeat's podcast, as we've mentioned, we've 00:17:24.609 --> 00:17:26.670 been talking about, it's for people on both sides 00:17:26.670 --> 00:17:30.049 of the pond, which many of us refer to as the 00:17:30.049 --> 00:17:34.910 Atlantic Ocean and beyond. North America is a 00:17:34.910 --> 00:17:39.650 huge destination market. Canada has access to 00:17:39.650 --> 00:17:43.089 the American market as part of the North American 00:17:43.089 --> 00:17:46.789 Free Trade Agreement that's been renamed over 00:17:46.789 --> 00:17:48.789 the past few years, but it's still a gateway 00:17:48.789 --> 00:17:52.269 into the... The U .S. market and Canada ranks 00:17:52.269 --> 00:17:57.849 high as a reliable supplier of commodities for 00:17:57.849 --> 00:18:00.410 countries around the world, whether it's for 00:18:00.410 --> 00:18:05.130 European countries, for American countries or 00:18:05.130 --> 00:18:08.450 countries in the Asia Pacific. So that terminal 00:18:08.450 --> 00:18:11.210 you talked about, the LNG deal for the West Coast, 00:18:11.329 --> 00:18:16.549 East Coast, we know post the invasion of Ukraine, 00:18:16.690 --> 00:18:20.059 the Germans. government were coming looking to 00:18:20.059 --> 00:18:24.920 do deals with canada so canada's a as as a reliable 00:18:24.920 --> 00:18:30.099 supplier rule of law etc etc it's a great place 00:18:30.099 --> 00:18:32.779 to invest and if you're going to succeed with 00:18:32.779 --> 00:18:35.240 your investments you have to understand how to 00:18:35.240 --> 00:18:38.700 work with the indigenous nations in canada canadian 00:18:38.700 --> 00:18:40.640 government is very supportive as are all the 00:18:40.640 --> 00:18:43.759 provincial governments and this is going to be 00:18:43.759 --> 00:18:48.140 the place to find out first about what's happening 00:18:48.140 --> 00:18:51.819 and what will happen in the future. Rob, is there 00:18:51.819 --> 00:18:55.019 anything you'd like to talk about for our listeners 00:18:55.019 --> 00:19:00.119 before we wrap up? Just to say, Mark, that I'm 00:19:00.119 --> 00:19:03.940 really excited about this. It's a space that 00:19:03.940 --> 00:19:07.680 has personal and professional interest for both 00:19:07.680 --> 00:19:12.880 you and I. It's a really historic time in Canada. 00:19:13.529 --> 00:19:18.029 And this will be a platform for Indigenous business 00:19:18.029 --> 00:19:22.049 and political leaders to talk about the successes, 00:19:22.289 --> 00:19:28.230 the failures, highlight some upcoming opportunities, 00:19:28.670 --> 00:19:34.750 educate our listeners on how to approach these 00:19:34.750 --> 00:19:38.490 types of transactions. And as I said before, 00:19:38.650 --> 00:19:42.190 hopefully dispel the myth that Indigenous communities 00:19:42.190 --> 00:19:47.160 in Canada are against all development. Super. 00:19:47.319 --> 00:19:50.480 So thank you very much, Rob. We look forward 00:19:50.480 --> 00:19:53.539 to those of you, please subscribe to our podcast. 00:19:53.660 --> 00:19:57.940 We also have a newsletter on our website, canadianindigenousinvestmentsummit 00:19:57.940 --> 00:20:01.440 .com. And we look forward to speaking with everyone 00:20:01.440 --> 00:20:03.839 next week. Rob, look forward to catching up in 00:20:03.839 --> 00:20:07.160 the city shortly. As I do, Mark. Cheers.