07:24:56 EDT Sat 20 Apr 2024
Enter Symbol
or Name
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CA



Enbridge Inc
Symbol ENB
Shares Issued 863,655,440
Close 2015-11-19 C$ 49.61
Market Cap C$ 42,845,946,378
Recent Sedar Documents

Globe says not easy to end Enbridge's Gateway pipe plan

2015-11-20 06:29 ET - In the News

The Globe and Mail reports in Friday edition that the Liberal government has put the kibosh to Enbridge's proposed Northern Gateway by instituting a tanker-traffic ban along the coast of British Columbia. The Globe's Gary Mason writes that the project, however, has already received federal government approval, pending several stipulations. Enbridge is in the process of addressing the 209 conditions set out by the National Energy Board. One of the reasons it will not be so easy to end this venture, says Mr. Mason, is because of the work Enbridge has done bringing many of the more than 40 first nations communities along the pipeline route onside. So far, 28 bands have signed equity agreements. While there certainly remains some first nations opposition to the Gateway, there would appear to be growing support, as well. Enbridge said this week it hoped Ottawa would embark on the "required consultation" with first nations and Metis along the pipeline route, given the economic impact a crude oil tanker ban would have on those communities. In other words, Ottawa should be prepared to meet some resistance from aboriginal groups once thought to be resolutely against the project.

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