02:53:23 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 831,595,283
Close 2014-04-14 C$ 50.76
Market Cap C$ 42,211,776,565
Recent Sedar Documents

Van Sun says Enbridge may offer a sweeter Gateway deal

2014-04-14 08:30 ET - In the News

The Vancouver Sun reports in its Monday, April 14, edition that Enbridge and its partners are offering a bigger piece of the Northern Gateway pipeline pie to first nations, says Coastal First Nations director Art Sterritt. The Sun's Peter O'Neil writes that Mr. Sterritt says the overture comes from Enbridge pitchman Jim Prentice. Two years ago Enbridge boasted that 60 per cent of "aboriginal groups" along the pipeline route had accepted an offer to take an equity stake in the pipeline. Testimony last year, however, from a senior executive showed that just 11 of 27 B.C. groups representing people within 80 kilometres of the route accepted equity offers. More than 130 British Columbia first nations, including the majority not eligible for equity deals, have signed the anti-pipeline Save the Fraser Declaration. Mr. Sterritt says Mr. Prentice has indicated the pipeline backers are prepared to expand on a previous offer to let aboriginal groups own up to 10 per cent of the project. Mr. Sterritt says: "They're talking about ownership. ... He basically takes the position that first nations should own this." Mr. Prentice's spokesman Jason Hatcher says Mr. Prentice has not presented a new equity proposal.

© 2024 Canjex Publishing Ltd. All rights reserved.