18:17:33 EDT Thu 28 Mar 2024
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Enbridge Inc
Symbol ENB
Shares Issued 851,951,607
Close 2015-03-17 C$ 61.31
Market Cap C$ 52,233,153,025
Recent Sedar Documents

Globe says alternative to Enbridge's Gateway touted

2015-03-18 06:58 ET - In the News

The Globe and Mail reports in its Wednesday, March 18, edition that the backers of a bitumen refinery project in British Columbia believe their made-in-B.C. recipe for getting oil out of landlocked Alberta will win over skeptics. The Globe's Brent Jang writes that energy projects such as Enbridge's Northern Gateway pipeline remain stalled amid widespread opposition in B.C. Officials at Pacific Future Energy, however, say their solution is to build a refinery to address fears about tankers spilling oil into the Pacific Ocean. While the Northern Gateway proposal calls for loading unrefined heavy oil into tankers for export from Kitimat, Pacific Future Energy is seeking to build an $11.4-billion (U.S.) refinery near Prince Rupert that would turn Alberta bitumen into products such as gasoline and diesel. Pacific Future Energy senior adviser Stockwell Day argues that Enbridge is not able to win a social licence for Northern Gateway because the pipeline proposal is tainted by the risk of oil spills from Asia-bound tankers. Pacific Future Energy is casting Enbridge as an Alberta-centric company that has underestimated British Columbians' opposition to oil tankers.

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