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Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 831,595,283
Close 2014-04-11 C$ 51.17
Market Cap C$ 42,552,730,631
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Globe/wire say Kitimat votes against Enbridge's Gateway

2014-04-14 07:37 ET - In the News

The Globe and Mail reports in its Monday edition that Enbridge failed to win support from local residents in Kitimat, B.C., for its Northern Gateway pipeline. A Bloomberg dispatch to The Globe reports that residents in the Pacific port town of 9,000 people voted 58.4 per cent against the proposed pipeline. The plebiscite is not binding. Enbridge has faced opposition to Gateway throughout the province. Other municipalities, including Smithers and Fort St. James, have adopted resolutions against the pipeline, complicating Enbridge's efforts to ease a bottleneck for the growing supply of oil from Alberta's oil sands and reduce the discount for Canadian crude. Mayor Joanne Monaghan says: "The people have spoken. ... What happens now will depend on what council decides on Monday." Regulators in December approved the project, subject to 209 conditions. Prime Minister Stephen Harper has until June to make a decision on whether to allow the pipeline to go ahead. Enbridge spokesman Donny van Dyk says, "Today's result shows that while there is support for Northern Gateway in Kitimat, we have more work to do." Enbridge shares advanced 11 cents to close Friday in Toronto at $51.17.

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