Source: http://www.vancouversun.com/news/metro/Unilateral+park+declared+Tsilhqot+includes+Prosperity+mine/10192766/story.html
When reading the articles, I found it particularly interesting to learn about the First Nations Government. From the declaration of an area of the Chilcotin as a Tribal Park, it means that people and companies now have to apply through the First Nations Government for permits and licences to operate on the land.
This would be considered a Political Factor in the PEST Analysis model. From the point of view of businesses, this could create problems when trying to gain permission to use the land and resources found in the region. For example, the New Prosperity Mine project at Fish Lake has an uncertain future as the Tribal Park label on the area will make it unlikely any large scale logging or clear cut mining, such as the $1.1 billion project, will be allowed to go ahead. This is afterall to protect important parkland.
However, problems can also provide businesses with opportunities. Companies and projects promoting sustainability or being more environmentally friendly are more likely to be given the go-ahead in the protected area. A business could therefore set up carrying out smaller resource activities, also bringing benefits such as higher employment to the local economy.
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