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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 says Enbridge's Gateway may face B.C. referendum

2014-04-14 07:43 ET - In the News

The Globe and Mail reports in its Monday, April 14, edition that the results are in from a Kitimat plebiscite on Enbridge's proposed Northern Gateway pipeline, but the jury is still out on what the community's "no" vote could mean for the project. The Globe's Wendy Stueck writes that groups opposed to Gateway seized on the results as a platform from which to push for a provincewide vote. Under B.C. legislation, any British Columbian can bring a matter of provincial jurisdiction forward for a vote, provided they collect supporting signatures from 10 per cent of registered voters in every riding in the province. Enbridge, meanwhile, said the plebiscite showed it had "more work to do" to generate support for its proposal. In preliminary results released Saturday, 58.4 per cent of voters voted "no" and 41.6 per cent voted "yes," with 3,071 voters taking part. The District of Kitimat passed a resolution in 2012 to hold a plebiscite after the joint review process was complete. Council is to discuss the results Monday. For Enbridge, the result is another bump on what has been an extremely rocky road in terms of building support for its project, says University of Alberta economist Andrew Leach.

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