Friday, October 31st7.9°C
23696
23883

Saskatchewan passes motion to support Enbridge's Northern Gateway pipeline

REGINA - The Saskatchewan legislature has passed a motion supporting construction of the Northern Gateway pipeline, but the vote was not unanimous.

The motion says there is an oil transportation bottleneck that is driving down the value of Saskatchewan oil. Premier Brad Wall says the pipeline may not carry Saskatchewan oil, but he claims it will benefit the province by helping to clear up the bottleneck.

"If we get Canadian oil to tidewater, like these pipelines will do, we'll increase the value at which we can sell," Wall said Wednesday at the legislature.

"We can sell at the world price, which is benefiting Saskatchewan people then, in our case up to $300 million a year in additional revenue for our treasury and almost $3 billion in additional revenue for our oil companies to reinvest in the economy."

Wall also says the pipeline would help get oil to port in a safer way than by rail or truck.

The 1,200-kilometre Northern Gateway line would transport 525,000 barrels a day from Alberta's oilsands to a marine terminal on the British Columbia coast for export to Asia.

The Opposition New Democrats did not support the motion.

"Looking at the facts of Gateway, I don't think it's a wise project," said NDP Leader Cam Broten, who does back the Keystone XL pipeline to Texas.

"There are some big concerns. There's different geography going over the mountains to the west coast. There are more precarious shipping routes along the west coast. There's a majority of First Nations who are voicing concerns (about the pipeline) going through the area, which is in treaty land.

"You have the B.C. government saying that they're woefully unprepared for an oil spill on the west coast."

The province of British Columbia opposed the pipeline as it was proposed at hearings before the National Energy Board. B.C. has laid out five conditions it says need to be met on the project.

The federal review panel recommended approval of the project last December — with 209 conditions.

A final decision by the federal government is expected in June.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14458.69-68.88
S&P CDNX771.65-9.42
DJIA17195.42221.11
Nasdaq4566.138+16.912
S&P 5001994.65+12.35
CDN Dollar0.8919-0.0015
Gold1176.00-22.60
Oil80.48-0.42
Lumber322.40-1.20
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.11+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.045-0.015
Anavex Life Sciences0.1711-0.0089
Metalex Ventures0.0350.00
Russel Metals32.22-0.35
Copper Mountain Mining1.97-0.05
Colorado Resources0.14+0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 





FEATURED Property
20682523260 Boucherie Road
4 bedrooms 4 baths
$550,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


23091