Having read “There will be no pipeline”, I strongly feel that First Nation issue is really a significant external factors that a non-renewable resources consuming company should take into consideration when they construct their business model.According to the article, First Nation is trying to strike a balance between economic development by exploiting the rich resources and environment protection on behalf of their descendants. Moreover, they put more weight on the latter one. Thus, all companies that work on non-renewable energy resources truly have to consider the aboriginal people’s interest in their shoes in order to minimize the external resistance, moreover to gain their support.
Take Enbridge as an example: It’s not simply to guarantee that the pipe won’t spill but establish feasible and available facilities for anti-spilling and enhance the technology of piping and maintenance to extend the life span of pipes. Furthermore, exploiting temperately is also important. All these suggestions above will definitely generate additional cost and impair temporary profit. but in the long-term, gaining trust and reliance in the corporate relationship is the basic of forming a steady and efficient developing situation.
On the other hand, Some First Nations have self-government agreements with Canada while others have minimal governance structures[1]. Needless to say, the loose policy to their race but tighter policy towards out-side companies will stand their local companies out which leads to fiercer competition for out-side companies.