21:53:17 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-07-03 C$ 58.47
Market Cap C$ 50,092,004,900
Recent Sedar Documents

FP says Enbridge CEO Monaco still confident in Gateway

2015-07-06 06:13 ET - In the News

The Financial Post reports in its Saturday, edition that Enbridge boss Al Monaco is not popular in British Columbia where the proposed Northern Gateway pipeline is set to link Alberta crude to oil tankers destined for Asia. The Post's Yaddulah Hussain writes that Gateway critics say construction would spell doom for the environment. The importance of Alberta's crude oil to Canada's economy, juxtaposed with its impact on the environment, has left the nation navel-gazing with major crude oil pipeline projects delayed as first nations and local communities square off against Ottawa and the industry. Mr. Monaco says that, while many of the issues surrounding pipelines are policy matters, "we look at it as our job." He says, "We take it upon ourselves to make sure we are responsible for ensuring that people understand what we do." Gitxaala Nation lawyer Robert Janes says Enbridge does not understand the opposition to Gateway. He says: "How Enbridge sees it is that it's a process of education, and once the company has the opportunity to teach the communities, they will come over to Enbridge's side. A lot of the communities take that as a very insulting statement." Mr. Monaco insists the project is not dead.

© 2024 Canjex Publishing Ltd. All rights reserved.