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Enbridge Inc
Symbol ENB
Shares Issued 823,022,699
Close 2013-05-15 C$ 47.58
Market Cap C$ 39,159,420,018
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Globe's Crowley upbeat on Enbridge's Gateway

2013-05-16 06:46 ET - In the News

The Globe and Mail reports in its Thursday, May 16, edition that recent responses from Canada's aboriginal communities give pipeline developers a reason for optimism. The Globe's Brian Lee Crowley writes that Enbridge's proposed Northern Gateway pipeline is perhaps the highest-profile example of a major natural resource project facing indian opposition. Without aboriginal support, Northern Gateway will not succeed. With that support, it has a fighting chance. Unlike the experience with the Mackenzie Valley pipeline proposal, this time there has been a gradual ramping up of first nations participation. Today aboriginal communities recognize the importance of thoughtfully negotiated agreements that embody their rights and decision-making power. First nations and companies are learning to work together, says Mr. Crowley. Today aboriginal communities can be supportive of well-designed projects that involve them from day one, make provision for equity participation, and confer real economic benefits on them. Mr. Crowly believes the moment of aboriginal readiness to engage with development that Thomas Berger foresaw is here. Mr. Crowley says now is the time for all parties to act.

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