Enbridge weighs stake for aboriginals
From Herald News Services
Published: Saturday, October 25, 2008
Enbridge Inc. is considering offering aboriginal groups an equity stake in its planned 525,000-barrel-a-day Northern Gateway oilsands export pipeline in order to secure support for the project, a company official said Friday.
Enbridge, Canada's No. 2 pipeline company, is still working out details of how large a stake it would offer to native communities along the pipeline's route. As well, it has to firm up how any such stake would be financed.
"We are getting the details of the package worked out before we take it to the First Nations communities," Steven Greenaway, vice-president of Enbridge Northern Gateway Pipelines, said in an interview.
"I think the timetable for that will be in the next couple of months, but it's a complicated issue, one that we are having discussions with them now in principle about."
The Northern Gateway pipeline will carry oilsands crude 1,170 kilometres from Edmonton to a deep-water port at Kitimat, B.C., where it would be shipped to refineries in Asia and on the U.S. West Coast.
© The Calgary Herald 2008
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