For Immediate Release
Claudia Li, Communications Officer,
604-331-6201 ext. 224
Report: Enbridge’s Northern Gateway project – A dead-end investment
VANCOUVER, BC - 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 >>
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.