FOR IMMEDIATE RELEASE
September 25, 2023
Saint John, NB – Today, the Atlantica Centre for Energy recognizes and applauds the announcement of North Shore Mi’kmaq Tribal Council (NSMTC) and member communities entering into equity agreements with Moltex and ARC Clean Technology (ARC) is of historic significance for the energy sector in New Brunswick.
NSMTC and its member communities are making financial investments in both Moltex and ARC, via separate agreements, that result in them receiving $2 million in share value from Moltex and $1 million in share value from ARC.
“Partnerships with Indigenous stakeholders are important components of future energy projects in New Brunswick,” said Michelle Robichaud, president of the Atlantica Centre for Energy. “The NSMTC, ARC Clean Technology and Moltex together demonstrate that responsibly developed energy projects can coexist with the environment, economic reconciliation and community interests.”
The Atlantica Centre of Energy is supportive of the efforts to launch transformative new clean energy technologies such as advanced small modular reactors in New Brunswick and throughout Atlantic Canada.
ATLANTICA CENTRE FOR ENERGY
Atlantica Centre for Energy provides a unique meeting ground for industry, government, the education and research sectors, and the community at large to foster partnerships and proactively engage in energy-related issues. As the voice of energy in Atlantic Canada, the Centre’s membership represents some of the largest employers, energy producers, distributors, and consumers in the region.
Michelle Robichaud, President