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Enbridge Inc
Symbol ENB
Shares Issued 855,034,826
Close 2015-05-26 C$ 60.52
Market Cap C$ 51,746,707,670
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Globe says Enbridge sees rival Kinder proposal rejected

2015-05-27 06:59 ET - In the News

The Globe and Mail reports in its Wednesday, May 27, edition that a North Vancouver first nation has rejected Kinder Morgan's proposed Trans Mountain pipeline expansion. The Globe's Laura Kane writes that the Tsleil-Waututh Nation conducted a review that spanned a year and encompassed six expert reports. The review found that the fumes from spilled bitumen have the potential to make more than one million people sick. Band member and pipeline opponent Rueben George compared the expansion to an ancient legend about a two-headed serpent that blocked Burrard Inlet. "Our ancestors had to slay that dragon. So we've always been protectors of our lands and our waters here," he told a cheering crowd gathered on a North Vancouver shore on Tuesday. "Now, we're facing another long dragon that needs to be slain. That's the Kinder Morgan pipeline." Kinder Morgan hopes to triple its bitumen-carrying capacity to 890,000 barrels a day by laying almost 1,000 kilometres of new pipe near the existing pipeline that runs from Alberta to Burnaby, B.C. The Tsleil-Waututh's traditional territory includes Burrard Inlet, where tanker traffic is expected to increase sevenfold if the expansion is approved.

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