02:54:45 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 848,767,814
Close 2014-11-21 C$ 52.35
Market Cap C$ 44,432,995,063
Recent Sedar Documents

Globe says Enbridge hears court spats not good for B.C.

2014-11-24 06:05 ET - In the News

The Globe and Mail reports in its Saturday edition that more than $25-billion worth of resource projects are tied up in litigation with first nations, environmental groups and others. The Globe's Mark Hume writes that many see the plethora of court battles driving away investment. First nations that say they were not adequately consulted on developments and non-governmental organizations challenging federal or provincial environmental permits make up the bulk of the 38 cases. Municipal governments are also bringing cases. Resource companies are also using the courts to get injunctions against protesters. Fraser Institute aboriginal policy director Ravina Bains says a recent survey of mining companies shows mining executives are wary of B.C. mostly because of the first nations land uncertainty question. She says it is "top of mind for potential mining developers." Environmental Law Centre director Chris Tollefson says one way to restore public confidence and cut down on the litigation would be for the province to get out of the agreement that authorizes the National Energy Board to approve projects such as Enbridge's Northern Gateway and Kinder Morgan's Trans Mountain pipeline proposals.

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