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Enbridge Inc
Symbol ENB
Shares Issued 855,034,826
Close 2015-04-10 C$ 63.34
Market Cap C$ 54,157,905,879
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Globe says Enbridge hears treaty process too slow

2015-04-13 09:07 ET - In the News

The Globe and Mail reports in its Monday edition that many aboriginal treaty negotiations are in danger of going on ad infinitum, with no results. A Globe editorial says in 2013, the Tory government asked lawyer Douglas Eyford to consider how to accommodate native interests for Enbridge's Northern Gateway project. The Globe says the report was likely more favourable to natives than the Tories had hoped. Nevertheless, the government asked him to write another report, on a bigger topic -- Canada's protracted negotiations toward new native treaties. Mr. Eyford's report says out of 75 treaty "tables," only seven (four in B.C.) are nearing a final stage. At the current pace, treaty-making could continue until the end of the 21st century. One devastating observation is that in some cases the process is prolonged because it "provides a constant source of funding and employment," which is "a disincentive to conclude negotiations." Still, Mr. Eyford notes some native communities have successfully made limited, non-comprehensive agreements with the Crown, on specific matters such as fisheries, mining, education and health care. The Globe says the process cannot be allowed to run in place forever.

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