10:13:47 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 851,951,607
Close 2015-03-03 C$ 57.92
Market Cap C$ 49,345,037,077
Recent Sedar Documents

Globe says Enbridge, others hear call to share revenue

2015-03-04 06:46 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Wednesday, March 4, edition that Canada's aboriginal people need to share fully in resource development revenues in order to lift their communities out of poverty and generate their support for projects, says a report released Tuesday from the Working Group on Natural Resource Development (WGNRD). The Globe's Shawn McCarthy writes that the WGNRD was established after a meeting between Prime Minister Stephen Harper and former AFN national chief Shawn Atleo, and charged with charting a course that allows first nations to benefit more from resource development. Federal courts have provided new leverage for aboriginal communities to delay and even block projects, ranging from mines and logging operations to interprovincial pipelines such as Enbridge's Northern Gateway or TransCanada's Energy East. The report echoed the demands for resource revenue sharing that have been issued by new AFN national chief Perry Bellegarde. Some provincial leaders, including Saskatchewan Premier Brad Wall, reject that approach. The report notes that the resource sector is already the largest private sector employer of aboriginal Canadians.

© 2024 Canjex Publishing Ltd. All rights reserved.