Business | Canada

Fort McKay First Nation blames shortfall for lack of per capita

The Fort McKay First Nation owns companies that provide services in the oil sands industry. Photo from Fort McKay Group of Companies

The Fort McKay First Nation in Alberta said a $13 million shortfall is to blame for the lack of a per capita payment.

Band members have received a share of oil sands profits since 2001. At one point, the payments totaled more than $10,000 a year, CBC News reported.

But the money has dried up due to a drop in profits, CEO George Arcand said. That's left some band members in a bad situation.

“I'm broke, I don't even know where I'm going to get gas now,” Annette Campre told CBC.

The band owns the Fort McKay Group of Companies, which provides services in the oil sands industry.

Get the Story:
Fort MacKay residents short on cash after oilsands profits dip (CBC 7/11)

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