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Enbridge Inc
Symbol ENB
Shares Issued 846,371,626
Close 2014-09-23 C$ 55.15
Market Cap C$ 46,677,395,174
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Globe applauds Prentice's stance on Enbridge's Gateway

2014-09-24 06:56 ET - In the News

The Globe and Mail reports in its Wednesday edition that Alberta Premier Jim Prentice has taken steps to advance the province's efforts to move oil to market. A Globe editorial says first, Mr. Prentice has made himself Minister of Aboriginal Relations. The Globe reports that Mr. Prentice is talking sensibly about the challenge of moving oil to the Pacific. Instead of unconditionally backing Enbridge's troubled Northern Gateway proposal, Mr. Prentice concedes it has problems -- due to "a lot of questions that first nations people have been asking," which "have not been answered to their satisfaction." The Tory government has been vocal about the need for pipelines. The Globe says the Harper government is absolutely right. Where the federal government got it wrong was when years ago it turned itself into the main public advocate for Gateway, long before the proposal had cleared regulatory scrutiny. Pipelines are necessary, but not every pipeline, under whatever conditions, is. The Globe says Mr. Prentice is sounding a thoughtful tone. The Globe says Mr. Prentice is standing back and taking a step to the side, the better to take a step forward. The Globe applauds Mr. Prentice's first move.

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