Alternatives North board member Kevin O’Reilly, appeared before the Standing Committee on Government Operations for the Ten-Year Review of the Northwest Territories Heritage Fund. The discussion covered the fund’s purpose, challenges in revenue collection, governance concerns, and recommendations for better investment policies and transparency. Alternatives North, a long-time advocate for responsible resource management, highlights the need for stronger financial planning to ensure long-term benefits for the NWT.
Video links of deliberations in the NWT Legislative Assembly
Scroll down to view the Alternatives North presentation to the Standing Committee on Government Operations delivered by AN Board Member Kevin O’Reilly. (Or you can download the presentation here.) Relevant links to background documents are below.
Below are some relevant links to background material:
- NWT Heritage Fund Act https://www.justice.gov.nt.ca/en/files/legislation/nwt-heritage-fund-act/nwt-heritage-fund-act.a.pdf
- NWT Heritage Fund Regulations https://www.justice.gov.nt.ca/en/files/legislation/nwt-heritage-fund-act/nwt-heritage-fund-act.r1.pdf
- Revenue from Non-renewable Resources. A Review of Experience. June 30, 2006 by the Pembina Institute for Alternatives North
https://alternativesnorth.ca/wp-content/uploads/2016/02/2006-06-30-revenue-from-non-renewable-resources-review.pdf - Generally Accepted Principles and Practices (GAPP)—Santiago Principles by the International Forum of Sovereign Wealth Funds https://www.ifswf.org/sites/default/files/santiagoprinciples_0_0.pdf
- Alternatives North calls for changes to Heritage Fund Act by Emily Blake, Cabin Radio February 18, 2025 https://cabinradio.ca/222702/news/politics/alternatives-north-calls-for-changes-to-heritage-fund-act/