Fort MacKay First Nation members short on cash after oilsands profits dip

Warrior Publications

Tar Sands factory complex in northern Alberta.  Tar Sands factory complex in northern Alberta.

Band CEO blames low profits for missing annual payments

CBC News July 11, 2014

Some residents from the wealthy Fort McKay First Nation are in financial trouble after the band failed to provide an expected dividend from oilsands profits last month.

Band members have long been receiving the payment, known as a PCD, which the band is able to pay out due to profits gained from oilsands-related operations. Recently, members collected more than $10,000 per year from the funds. 

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