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Corporate EngagementOur corporate engagement program builds the cultural bridge between companies and Indigenous Peoples and makes the business case for respecting and upholding Indigenous Peoples’ rights.
Keepers of the EarthOur Keepers of the Earth Fund provides grants directly to Indigenous-led development projects. Since 2007, we’ve given $1.9 million in grants to hundreds of Indigenous communities across 60 countries.
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First Peoples Worldwide builds upon a foundation of Indigenous values and rights to achieve a sustainable future for all
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First Peoples’ Network of Indigenous Grantees
Current Situation
Minas Conga (Peru)$4.8 billion investment
Ongoing community resistance linked to police violence and up to 16 deaths
Suspended in 2011; Further development contingent upon local community support
http://www.bnamericas.com/news/mining/peru-arrests-opponent-of-newmonts-minas-conga-projecthttp://www.ft.com/intl/cms/s/0/a448ade4-661d-11e2-bb67-00144feab49a.html?siteedition=intl#axzz3695iRuwthttp://newmont.q4web.com/files/2014/Fiscal%20Year%20End/2013%20Annual%20Report_full%20report_FINAL_v001_x688hv.PDF
Niger Delta (Nigeria)Community opposition takes militant form
Several companies tried for murder in US courts; found not guilty
Oil production declined 28 percent between 2006 and 2009 due to attacks on oil facilities
http://www.bnamericas.com/news/mining/peru-arrests-opponent-of-newmonts-minas-conga-projecthttp://www.ft.com/intl/cms/s/0/a448ade4-661d-11e2-bb67-00144feab49a.html?siteedition=intl#axzz3695iRuwthttp://newmont.q4web.com/files/2014/Fiscal%20Year%20End/2013%20Annual%20Report_full%20report_FINAL_v001_x688hv.PDF
Current Situation
Keystone XL Pipeline (US)Failure to obtain social license increased capital costs by $2.5 billion
Coalition of resistance formed by communities, environmentalists, federal and state politicians
Federal approval still pending; costs likely to climb
http://www.reuters.com/article/2014/11/04/transcanada-results-idUSL4N0SU5W320141104
Companies are Losing their Social License
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1 week shutdown costsUS$20-30 million
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Time to bring oil projectsonline doubled in last decade
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73% of delays are from non-technical risks
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Why do Indigenous Peoples matter?
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The legal trajectory for Indigenous Peoples’ rights is global
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Connection between a company’s social and financial performance
getting stronger
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• Invested US$37 million in New Brunswick
• $28.2 million invested in exploration program through December 2012
Look at Southwestern Energy...
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October 6, 2013
Analyst report
Southwestern “looks like a great long-term investment” and “it is a low political risk company.”
Source: http://seekingalpha.com/article/1730992-southwestern-energy-looks-like-a-great-long-term-investment
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October 17, 2013
Blockade turns violent
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October 17, 2013October 17, 2013
40 protestors arrested
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Cost to Southwestern Energy
$60,000
a day
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We are making the financial case for Indigenous Peoples’ rights
Indigenous Rights Risk Report
Identified 52 oil, gas, and mining companies’ overlap with Indigenous lands
Assessed 330 projects’ risk exposure to Indigenous Peoples’ rights
89 percent of projects posed high or medium risk to companies and their shareholders
Methodology
Country Risk (20%)Reputation Risk (20%)Community Risk (25%)Legal Risk (5%)Risk Management (30%)
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Corporate overlap with Indigenous lands is growing
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Percentage of overlap with Indigenous Peoples
39%
production
46%
reserves
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Companies have no board oversight of social risks
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Country Risk drives corporate risk upward
High Risk Countries Medium Risk Countries Low Risk Countries0
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30
40
50
60
70
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High RiskMedium RiskLow Risk
Country Risk
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Companies are being held accountable to cumulative impacts
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Access the Report
Executive Summaryhttp://firstpeoples.org/indigenous-rights-risk-report
Scorecardshttp://firstpeoples.org/wp