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FOR IMMEDIATE RELEASE
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 >>