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Enbridge Inc
Symbol ENB
Shares Issued 934,234,152
Close 2016-10-07 C$ 57.10
Market Cap C$ 53,344,770,079
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Van Sun finds B.C. native support for Enbridge pipeline

2016-10-07 06:58 ET - In the News

The Vancouver Sun reports in its Friday edition that 40 B.C. aboriginal groups have quietly submitted supportive letters for the Kinder Morgan and Enbridge pipelines. The Sun's Peter O'Neil writes that the letters appear to challenge the recent claim by a coalition of North American native leaders that says there is "unprecedented unity" against the proposals. Financial statements indicate that $9.3-million has already been distributed to some of these supporters in the past two years. That is a fraction of the expected payoff if one or both of the proposals get federal approval. "As the old saying goes, we're open for business," said Chief Fred Seymour of the Tk'emlups First Nation in Kamloops. It recently received $3-million from Kinder Morgan in a deal that was negotiated largely by Chief Seymour's predecessor, Shane Gottfriedson. However, aboriginal opposition is strong in B.C., especially among northern nations along the coast which are contesting the Northern Gateway proposal to build an oil pipeline from Alberta to Kitimat. In 2012, a Northern B.C. group called the Yinka Dene Alliance collected the signatures of 130 first nations opposed to the Enbridge project and "other dangerous tar sands projects."

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