00:43:26 EDT Fri 26 Apr 2024
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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

Globe says Eagle Spirit plan could spook Enbridge

2014-04-15 08:52 ET - In the News

The Globe and Mail reports in its Tuesday, April 15, edition that Kitimat's rejection of Enbridge's proposed Northern Gateway project on the weekend has buoyed the hopes of a company with first nations connections that is mulling pursuing an alternative pipeline across British Columbia. The Globe's Mark Hume writes that Calvin Helin, president of Eagle Spirit Energy Holdings, said Monday that first nations in British Columbia are in favour of his project because it would be largely native controlled and it would be routed to Prince Rupert, not Kitimat. Although the Kitimat vote was a non-binding plebiscite, the outcome is bad news for the Gateway proposal. Mr. Helin said Eagle Spirit's proposed pipeline, which would carry synthetic crude, not heavy bitumen, has the support of "a majority" of bands in Northern B.C., where Enbridge has run into stiff opposition. Mr. Helin, a member of the Lax Kw'alaams First Nation, said non-disclosure agreements keep him from saying which bands support him. But he did say one band -- the Nee Tahi Buhn First Nation -- had revoked its support for Northern Gateway and was now supporting his plan. Enbridge is dubious of that claim.

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