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Enter Symbol
or Name
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CA



Enbridge Inc
Symbol ENB
Shares Issued 831,595,283
Close 2014-04-14 C$ 50.76
Market Cap C$ 42,211,776,565
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Globe says Enbridge dealt symbolic blow in Kitimat

2014-04-15 06:21 ET - In the News

The Globe and Mail reports in its Tuesday edition that on Saturday nearly 60 per cent of voters in Kitimat, B.C., said "No" to Enbridge's proposed Northern Gateway pipeline. The Globe's Wendy Stueck writes that the rejection stunned some observers and raised questions about a project that appears to lack strong support even in the community that stands to benefit most from it. Enbridge's Janet Holder played down the results, noting the non-binding plebiscite is part of broader public consultations. Ms. Holder said Enbridge's plans have not changed as a result of the vote. Many residents voted in favour of the project and Enbridge "sees that as a positive thing," Ms. Holder added. Still, a "Yes" vote would have been a positive development for Enbridge as well as the Harper government, said FirstEnergy Capital analyst Steven Paget. "It's symbolically important, but there are cities, towns, native communities all along that route that aren't having a vote, yet are nonetheless impacted as well." The plebiscite marks a turning point in the battle over Gateway, which is high on Prime Minister Stephen Harper's resource-development agenda but faces stiff opposition from first nations and environmental groups.

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