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Bullboard - Stock Discussion Forum Oceanic Wind Energy Inc V.NKW.H

Alternate Symbol(s):  NKWFF

Oceanic Wind Energy Inc. is a Canada-based renewable energy company with a focus on an offshore wind energy project. The Company's primary business is the development of renewable energy projects. It has been developing an offshore wind project on the north coast of British Columbia in Hecate Strait.

TSXV:NKW.H - Post Discussion

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Post by BayWall on Feb 21, 2024 9:14am

Bill S-16

Canadian Press:

Canada has introduced legislation in the Senate to recognize the Haida Nation’s inherent right to self-governance. It received first reading Feb. 8 and second reading Feb. 15.

“This is an important day to have Canada recognize our governance, our self-determination and to take the important next steps together…as we continue to confront the history of this country and look to ensure that our homelands are cared for,” said Gaagwiis (Jason Aslop), president of the Council of the Haida Nation.

Gaagwiis was joined on Feb. 8 in Ottawa by Minister of Crown-Indigenous Relations Gary Anandasangaree, British Columbia Solicitor General Mike Farnworth and BC NDP Skeena-Bulkley Valley MP Taylor Bachrach.

“This co-developed legislation affirms Canada’s recognition of the Haida Nation’s inherent right to governance and self-determination. It officially recognizes the Council of the Haida Nation as the legitimate government representative of the Haida people,” said Anandasangaree.

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The questions I ask, is how will this affect windfarm development in Hecate Strait. Will a general vote still be required? And how will concerns be handled about the sacred area near Rose Spit with the proximity of the windfarm.

The footprint of the project will be significantly reduced due to advances in wind turbine technology. Maybe 18 MW. Way up from the 3.5 MW size in the first proposal back in 2009.

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