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or Name
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Enbridge Inc
Symbol ENB
Shares Issued 848,774,828
Close 2014-12-05 C$ 58.46
Market Cap C$ 49,619,376,445
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FP says Enbridge finally wakes up to aboriginal issues

2014-12-08 09:16 ET - In the News

The Financial Post reports in its Saturday, Dec. 6, edition that Enbridge wants to boost aboriginal participation and control over its proposed Northern Gateway oil pipeline. The Post's Claudia Cattaneo writes that project president John Carruthers says extensive consultation with British Columbia's first nations and Metis communities on Gateway has increased awareness at Enbridge that it needs to better reflect their needs and interests, and be more "inclusive." Mr. Carruthers says: "We do recognize now, more than we did originally, that there needs to be a strong aboriginal and B.C. voice in the leadership. ... We all share those values, but we do need to create an opportunity for first nations and Metis to participate in decisions relating to the project. We are open to change." The sides are discusing moving the project's control from Enbridge to a more independent entity, such as a limited partnership, governed by a board representing Enbridge, oil company shippers and aboriginal equity partners. Mr. Carruthers says there is also openness to significantly boost aboriginal equity participation. Mr. Carruthers says aboriginals could end up as majority owners.

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