Chief and Councillors of the Blood Tribe in Southern Alberta have announced the ratification of a settlement agreement vote regarding Canada’s mismanagement of the Tribe’s assets in the early 20thcentury.
The agreement will see the Blood Tribe receive $150 million in compensation to make amends for the devastation of the Blood Tribe’s cattle industry in the early 1900s as a result of overstocking and the overgrazing of pasture land.
Tribe members voted overwhelmingly in favour of the settlement agreement. Of the 3,015 ballots cast, only 49 opposed the deal.
The funds will be transferred to the Blood Tribe following an appeal period and the execution of the agreement. The financial settlement will be held in trust by the Blood Tribe and utilized in accordance with the terms of the Trust Agreement.