About Southern Ute
Southern Ute Alternative Energy, LLC is one of several component companies of the Southern Ute Growth Fund- a diversified investment and business management organization owned by the Southern Ute Indian Tribe. The Tribe has achieved extraordinary financial and business success, having earned a triple-A rating from both Fitch and Standards & Poors rating agencies, and amassing a considerable investment base. The Southern Ute Growth Fund is the business investment arm of the Tribe and possesses assets in several industries and investment categories that total more than $2.5 billion in value.
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Aug 3, 2021
08/03/2021 | 12:58pm EDT Message : *Required fields This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210803005921/en/ The Southern Ute Indian Tribe formally joins Western States and Tribal Nations Natural Gas Initiative. (Photo: Business Wire) The Tribe’s decision to join WSTN bolsters the governance of the unique international initiative led by sovereign tribal nations, states and county governments. As the latest government to sign WSTN’s organizing Memorandum of Understanding, the Southern Ute Indian Tribe is entitled to appoint a representative to the Board of Directors. The Southern Ute Indian Tribe is the third tribally-affiliated member of WSTN, joining the Ute Indian Tribe and BlackHawk Energy, a wholly owned Section 17 Federal Corporation of the sovereign Jicarilla Apache Nation established under a federal charter. The other government members are the states of New Mexico, Utah, Wyoming and Baja California, Mexico, as well as the western Colorado counties of Garfield, Mesa, Moffat and Rio Blanco. “The Southern Ute Indian Tribe has a strong and successful legacy in energy and economic development. The Tribe understands the benefit of strong business and intergovernmental relationships to strengthen its self-determination and sovereignty,” Southern Ute Tribal Chairman Melvin J. Baker said. “The Tribe is excited for the opportunity to join Western States and Tribal Nations and have a seat on the board encompassing multiple tribes, states and counties focused on supporting rural economies while collaborating to provide energy transition solutions for the future.” WSTN advocates for rural economic development, tribal self-determination and a cleaner environment by supporting the development of the markets and infrastructure necessary to export liquefied natural gas, sourced from western North American basins, to nations that want lower-emitting fuel options to power growing economies. In June, WSTN released a study showing that net lifecycle emissions reductions of 42%-55% were possible if U.S.-sourced LNG replaced coal for power generation in five Asian nations. “The Ute Indian Tribe welcomes the Southern Ute Tribe to Western States and Tribal Nations. As co-founders of this unique organization, our mission has always been to attract more Native American voices to our effort to advance tribal self-determination through responsible development of our energy resources,” said Shaun Chapoose, Chairman of the Ute Tribal Business Committee. He added: “As the original guardians of the environment, sovereign tribal nations are uniquely equipped to chart a course toward energy development that supports our continual environmental improvement. With the participation of the Southern Ute Tribe and the Jicarilla Apache Nation through their wholly owned Section 17 Federal Corporation, BlackHawk Energy, our collective voice is stronger and makes good on the vision we foresaw when we insisted that the name of the organization reflect more than a single tribal nation.” “The addition of the Southern Ute Indian Tribe to WSTN is another landmark for our organization and its ability to provide a coherent, unifying direction for the energy and environmental future of the West,” WSTN President Andrew Browning said. “The Southern Ute Indian Tribe brings not only another sovereign tribal perspective, but a sophisticated approach toward doing business in a way that builds wealth for its people in harmony with the environment.” “New Mexico welcomes the Southern Ute Indian Tribe to the coalition. We look forward to collaborating on economic opportunities for our region,” New Mexico Energy, Minerals and Natural Resources Department Cabinet Secretary Sarah Cottrell Propst said. “We welcome the Southern Ute Tribe and look forward to working together to advance the interests of Western States and Tribal Nations for the benefit of our communities,” Glen Murrell, Executive Director of the Wyoming Energy Authority said. About Western States and Tribal Nations Western States and Tribal Nations is a unique, trans-national initiative led by state, county and sovereign tribal nation governments, focused on creating rural economic development, advancing tribal self-determination and reducing global emissions by exporting western North American natural gas to international markets that need lower-emitting fuels. View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005921/en/ © Business Wire 2021