EMAIL SIGN UP!

 

Progressive Community

The press releases posted here have been submitted by

America's Progressive Community

For further information or to comment on this press release, please contact the organization directly.

FOR IMMEDIATE RELEASE
October 5, 2010
3:21 PM

CONTACT: ForestEthics

Claudia Li, Communications Officer,
604-331-6201 ext. 224

Report: Enbridge’s Northern Gateway project – A dead-end investment

VANCOUVER, BC - October 5 - Prior to Enbridge’s Investor Days in Toronto and New York, ForestEthics released a report to analysts and bondholders highlighting the risks and opposition associated with the company’s Northern Gateway Pipelines proposal. The report -- Enbridge Northern Gateway Pipelines: Community Opposition and Investment Risk -- highlights First Nations legal risks, review process uncertainties and political risks associated with the controversial project.

“Enbridge has underestimated the risks and opposition associated with this project. If the project isn’t stopped by a First Nations legal case, it will be stopped by a federally legislated tanker ban. If it’s not stopped by the environmental review process, it will be delayed by lack of shipper agreements. If all else fails, First Nations and community resistance will rise up and take action,” said Nikki Skuce, ForestEthics Senior Energy Campaigner. “Enbridge is essentially shoving money down a rat hole for a project that will never go ahead.”

Download the Report >>


Download the Executive Summary >>

###
Founded in 2000, ForestEthics is a nonprofit environmental organization with staff in Canada, the United States and C­hile. Our mission is to protect Endangered Forests and wild places, wildlife, and human wellbeing--one of our focus areas is climate change, which compromises all of our efforts if left unchecked. We catalyze environmental leadership among industry, governments and communities by running hard-hitting and highly effective campaigns that leverage public dialogue and pressure to achieve our goals.


Comments

Note: Disqus 2012 is best viewed on an up to date browser. Click here for information. Instructions for how to sign up to comment can be viewed here. Our Comment Policy can be viewed here. Please follow the guidelines. Note to Readers: Spam Filter May Capture Legitimate Comments...