How this northern Alberta First Nation used 'community capitalism' to raise living standards

Fort McKay First Nation (FMFN), located along the Athabasca River in Alberta, has leveraged revenue from its First Nation-owned companies to enhance living standards for its 900 members. With 97% of its revenue averaging $1.7 billion annually from the oil sands sector since 1986, FMFN has prioritized community capitalism, leading to economic self-sufficiency and significant investments in education and infrastructure. Chief Raymond Powder emphasizes the community’s commitment to balancing business interests with cultural preservation, ensuring future generations benefit from their land and resources.

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