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Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-06-30 C$ 58.41
Market Cap C$ 50,040,602,124
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Van Sun says Trudeau rejects Enbridge's N. Gateway

2015-07-02 09:30 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Vancouver Sun reports in its Tuesday edition federal Liberal leader Justin Trudeau says his mind is closed to oil tankers plying the waters of Northern British Columbia, but open to shipping of liquefied natural gas as well as increased oil tanker traffic through Port Metro Vancouver. The Sun's Larry Pynn writes Mr. Trudeau told The Sun that the Harper government could have saved everyone a lot of time and trouble by rejecting Enbridge's Northern Gateway project, emphasizing, "The Great Bear Rainforest is not a place for an oil pipeline." He called the North Coast a "fragile ecosystem that needs to be respected and protected and the impact of a fishing boat is very different from the impact of a supertanker." While oil shipping holds the prospect of massive environmental damage, LNG is seen as a safer alternative. Mr. Trudeau said he recently visited Hartley Bay at the mouth of Douglas Channel, where native leaders opposed to Northern Gateway told him they understand the need for economic development and have fewer concerns with LNG. Mr. Trudeau added that Vancouver and its surrounding waters have a long industrial past and that it is important for Canada to transport its resources to market.

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