
CAPP survey shows oilpatch spends billions on Indigenous-affiliated businesses
CALGARY — Oilpatch companies are big spenders on Indigenous-affiliated businesses, according to a survey commissioned by the Canadian Association of Petroleum Producers released Thursday.
Data science firm iTOTEM Analytics collected figures from 12 members of the industry advocacy group that together represent half of Alberta’s oil and natural gas production.
They collectively spent $14.4 billion between 2021 and 2023 on goods and services from Indigenous-affiliated businesses, which iTOTEM defines as an enterprise with some degree of First Nations, Métis or Inuit ownership.
The vast majority of those funds — $13.9 billion — were spent in Alberta.