22:12:43 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-10-08 C$ 55.85
Market Cap C$ 47,847,417,029
Recent Sedar Documents

Globe says quashing certificates bad for Enbridge

2015-10-08 06:50 ET - In the News

The Globe and Mail reports in its Thursday, Oct. 8, edition that a decision to overturn the environmental approval certificates for Enbridge's Northern Gateway pipeline would kill the $7-billion proposal, a court has heard. The Globe's Geordon Omand writes that lawyer Bernard Roth, speaking to a Federal Appeal Court panel in Vancouver on Wednesday, said: "If you quash the certificates the music stops. We can't file anything more with the [National Energy Board]. We can't continue with our project." A collection of first nations, environmental groups and a union have mounted a legal challenge over what they claim is a federal review panel's failure to address the project's environmental impact and to seek aboriginal consent. Hundreds of millions of dollars has been spent thus far on the project and a court decision not to uphold the approval risks putting a chill on large-scale infrastructure investment, said Mr. Roth. "We're at the stage in this country where you're not going to see a lot of these applications filed again if you see this court turning things around after people have literally invested half a billion dollars and growing," said Mr. Roth.

© 2024 Canjex Publishing Ltd. All rights reserved.