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Enbridge Inc
Symbol ENB
Shares Issued 929,227,712
Close 2016-07-12 C$ 55.48
Market Cap C$ 51,553,553,462
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Globe says Tory haste killed Enbridge's pipe dream

2016-07-13 07:37 ET - In the News

The Globe and Mail reports in its Wednesday, July 13, edition that Ottawa's haste to get an oil pipeline to the Pacific built ended up being a project's undoing. The Globe's Jeffrey Jones writes that the federal Court of Appeal's quashing of Enbridge's Northern Gateway pipeline's approval exposed the slipshod approach the former Harper government took with rules of consultation with first nations. Now, for the Liberals and the energy sector, there are lingering risks for future pipelines and other resource projects that go beyond what the court used to strike down the Gateway decision. They boil down to a fundamental question -- what must consultation achieve? Yes, aboriginal groups have rights to be informed and accommodated, but it remains to be seen how much power an opponent who refuses to be swayed ultimately has over a project's go or no-go ruling. At stake are billions of dollars' worth of pipeline proposals that the industry and its supporters stress are crucial to the economic health of the sector as well as producing provinces such as Alberta and the country as a whole. Pipeline proponents warn that energy investors are starting to turn their backs on Canada.

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