09:23:51 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 867,612,878
Close 2016-02-10 C$ 44.00
Market Cap C$ 38,174,966,632
Recent Sedar Documents

Globe says Enbridge, others need to be working harder

2016-02-11 08:45 ET - In the News

The Globe and Mail reports in its Thursday edition that British Columbia's Speech from the Throne on Tuesday noted the province is in pretty good shape. A Globe editorial says much hope has been invested in B.C. liquefied natural gas. In 2011, Premier Christy Clark promised one LNG pipeline and terminal in operation in Kitimat by 2015 and three in operation by 2020. No timelines were mentioned in this week's Throne Speech. For Enbridge's Northern Gateway project, Ms. Clark stipulated five conditions, and recently applied them to the Trans Mountain project, too. This week's Throne Speech did not appear to actively seek to find good compromises that would benefit Alberta, and Canada as a whole. Instead, a good case could have been made for very substantial compensation, from government and businesses alike, for the benefit of indigenous peoples of the LNG deposit regions and the areas of pipelines to LNG export terminals. As things stand, however, the companies' offers have not been irresistibly attractive. The phrase "social licence to operate" is not self-explanatory. Canadian governments and corporations should have been working harder to give it practical, mutually beneficial content.

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