Oilpatch spends billions on Indigenous-affiliated businesses: CAPP
Global News
The Canadian Association of Petroleum Producers says staffers of Indigenous descent make up seven per cent of the oil and gas workforce — well above the national average.
Oilpatch companies are big spenders on Indigenous-affiliated businesses, according to a survey commissioned by the Canadian Association of Petroleum Producers released Thursday.
Data science firm iTOTEM Analytics collected figures from 12 members of the industry advocacy group that together represent half of Alberta’s oil and natural gas production.
They collectively spent $14.4 billion between 2021 and 2023 on goods and services from Indigenous-affiliated businesses, which iTOTEM defines as an enterprise with some degree of First Nations, Métis or Inuit ownership.
The vast majority of those funds — $13.9 billion — were spent in Alberta.
“Working collaboratively with Indigenous communities and businesses, the oil and natural gas industry can support economic reconciliation and prosperity for generations to come,” CAPP president and CEO Lisa Baiton said in a news release.
During the three-year period captured in the study, almost 18 per cent of the industry’s supply chain spending was directed to Indigenous-affiliated vendors.
In Alberta the CAPP members did business with 585 Indigenous-affiliated enterprises across 110 municipalities and 45 Indigenous communities.
Most of the spending was on construction vendors, followed by environmental and industrial waste services and equipment services and maintenance.
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