04:54:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-10-01 C$ 49.47
Market Cap C$ 42,381,588,548
Recent Sedar Documents

Globe says Eagle Spirit idea good for Enbridge, rivals

2015-10-02 05:03 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Friday, Oct. 2, edition that first nations ought to have an interest in some pipeline projects. A Globe editorial says a natural way to bring that about would be for first nations to have equity in some pipelines, whether as communities or individuals, especially when a project is in their traditional territory. That is the premise on which Eagle Spirit Energy Holdings is working. Eagle Spirit president Calvin Helin says the company has at least a degree of approval of aboriginal chiefs all along Enbridge's proposed Northern Gateway pipeline route, from Alberta to Prince Rupert, B.C., on the West Coast. The Aquilini Group, which owns among other things the Vancouver Canucks, is the main investor. Up to now, most of Aquilini's interests have been in real-estate development and construction. Presumably, The Globe says other companies with experience in oil and gas and pipelines could become involved. To say all this is not to endorse any particular project, and Eagle Spirit's own plans do not seem far advanced. The concept, however, of issuing shares --- and in due course dividends -- to first nations carries great promise.

© 2024 Canjex Publishing Ltd. All rights reserved.