Thank you, Mr. Speaker. Mr. Speaker, I stand today to highlight one of the most significant achievements of 2024: The finalization of the Our Land for the Future Agreement, formerly called the NWT Project Finance for Permanence Agreement.

This landmark initiative is a monumental achievement for Indigenous peoples in the Northwest Territories, fostering Indigenous-led conservation, stewardship, and economic development. The GNWT had the honour of supporting this transformative initiative in partnership with 23 Indigenous governments, the Government of Canada, and private donors. Through the process of finalizing the agreement, the GNWT worked closely with Indigenous governments, NGOs, industry leaders, and local communities. Extensive consultations ensured that this initiative aligns with Indigenous priorities and balances conservation efforts with the community economic opportunities. Not only is Our Land for the Future a testament to the strength of true collaboration but also a clear example of what can be accomplished when Members of the Legislative Assembly unite behind a common goal.

Mr. Speaker, as we all can remember, advancing this agreement required substantial effort to develop new legislation enabling the creation of a trust. I am proud that the Members came together to move this critical legislation forward at an accelerated pace, ensuring that the benefits of the agreement could be realized as quickly as possible. This achievement highlights our shared commitment to working with Indigenous governments to do what is best for NWT residents and communities.

The funding, $300 million from the Government of Canada and $75 million from private donors, will facilitate the establishment of Indigenous protected and conserved areas, Indigenous guardian's programs, and climate resilience and tourism projects.

Mr. Speaker, the benefits will be transformative. Our Land for the Future will create jobs in small communities across the NWT while promoting sustainable stewardship of NWT lands and resources. Investments in Indigenous-led conservation efforts will enhance community health and well-being for future generations, contributing to cultural continuity in the territory.

Implementation is already underway, with funding anticipated to flow in mid-2025. The GNWT will continue to collaborate with Indigenous governments, industry, and stakeholders to ensure that the benefits of this agreement reach all NWT residents.

This achievement brings the Government of the Northwest Territories closer to fulfilling its mandate commitment to enhance reconciliation while supporting sustainable economic development and environmental stewardship in the territory. It is a monumental accomplishment for Indigenous peoples, and the GNWT is honored to be part of it. Together, we will work to create opportunities for Northerners that ensure a prosperous and sustainable future for all NWT residents. Thank you, Mr. Speaker.