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Enbridge Inc
Symbol ENB
Shares Issued 934,234,152
Close 2016-09-23 C$ 57.55
Market Cap C$ 53,765,175,448
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Globe says Enbridge, rivals see pipes divide natives

2016-09-26 06:42 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Saturday, Sept. 24, edition that as a coalition of first nations mount opposition to new pipeline and tanker projects, several aboriginal leaders are cautioning against a blanket condemnation of the oil sands. The Globe's Kelly Cryderman and Shawn McCarthy write that next month in Calgary, a first nations advocacy group will host a Pipeline Gridlock conference to discuss ways to build new projects with indigenous interests front and centre. Indian Resource Council president Stephen Buffalo says the coalition voices legitimate concerns, but every industry has an environmental cost and it is unfair to target oil alone. He says many energy-dependent aboriginal communities have already taken a hit because of two years of low crude prices. He says, "Oil and gas, and energy, is one way to advance and build our communities, and build houses and rec centres and hockey rinks." Chief Wallace Fox says his oil-rich Onion Lake Cree Nation shares all first nations' concerns about the land and water. However, he says the community's heavy oil resource has led to jobs and revenues for housing and education programs, such as a Cree language immersion program.

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