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Compliance Energy Corp CPYCF

Compliance Energy Corp Is a Canada-based exploration and development company. The company is engaged in the exploration and development of resource properties. The firm is an exploration and development company working on resource properties it has staked or acquired, principally on Vancouver Island. It has interest in Comox Joint Venture (CJV), which holds the Raven Underground Coal Mining Project (Raven Project).


GREY:CPYCF - Post by User

Comment by RavenPortSpinWatchon Aug 05, 2012 11:34pm
140 Views
Post# 20186932

RE: RE: RE: Permit Application...

RE: RE: RE: Permit Application...

2guys the appropriate context for what Compliance has announced has been able to "satisfy all involved" (your words) is creating a draft document that eventually became a formalized Guidelines.  Working on a Draft is hardly an indicator of whether or not a proponent can meet the requirements in the Guidelines to apply,much less the levels of scrutiny that will be done once the application is submitted (in addition to the scrutiny of whether or not adequate and meaningful consultation has taken place with First Nations. 

As you indicated, Compliance has been working on this project for years and even with the years and millions of dollars spent still has not engaged in any formal consultation with the First Nations impacted by the port facility construction of the proposed project much less made an effort to determine their concerns and even attempt to address them.

I would strongly support the idea that if people want to invest in mining projects in BC that they consider the proponent's demonstrated progress in consultation as a part of their risk analysis due diligence.  There are best practices in the mining industry for First Nations and recommended practices from the BC Government for engagement of non-treaty First Nations.  Those projects that follow those are far more likely to be successful than projects that view First Nations concerns and consultation as a check box that they only have to engage in as a non-essential element of a project approval process.  And every investor should remember in any major project that the review process on adequate consultation does include judicial review.  I would advise any potential investors to acquaint themselves with the case law on aboriginal rights and title and access for themselves whether the project they are considering investing into has met the legal thresholds.  You can bet your bottom dollar the First Nations know those thresholds and case law and in most situations are totally prepared and able to assert their rights and jurisdiction in their traditional territories.

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