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Enbridge Inc
Symbol ENB
Shares Issued 848,767,814
Close 2014-11-05 C$ 52.04
Market Cap C$ 44,169,877,041
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Globe says Enbridge sees first nations fight Petronas

2014-11-06 07:08 ET - In the News

The Globe and Mail reports in its Thursday, Nov. 6, edition that a group of first nations is fighting the Petronas-led Pacific NorthWest LNG project. The Globe's Brent Jang writes that Pacific NorthWest LNG is facing criticism for choosing a site that critics say will harm juvenile salmon. The Globe notes opposition to the project underscores a significant shift in the sentiment of first nations because LNG shipments have been viewed as posing much less risk to the environment, compared with worries about oil spills into the Pacific Ocean. The first nations leaders want the joint venture, led by Petronas, to withdraw plans to build on Lelu Island because of fears that construction of an LNG terminal will damage eelgrass beds in Flora Bank, where young salmon swim. Petronas has already warned it will suspend the project for 15 years unless tax and regulatory issues are resolved, so the focus on saving the fish adds yet another layer of complexity to a delicate situation, notes Mr. Jang. First nations leaders had previously maintained an open mind toward B.C. LNG, in contrast to their fears and anger about Enbridge's proposed Northern Gateway oil sands bitumen pipeline.

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