Sunday, November 23rd3.3°C
22246

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

22899


Recent Trending




Today's Market
S&P TSX15111.13+35.95
S&P CDNX789.135.56
DJIA17810.0691.06
Nasdaq4712.97+11.102
S&P 5002063.50+10.75
CDN Dollar0.8896-0.0005
Gold1197.70+10.60
Oil76.51+0.87
Lumber331.00+4.50
Natural Gas4.266-0.253

 
Okanagan Companies
Pacific Safety0.155-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.30+0.03
Cantex0.04+0.005
Anavex Life Sciences0.178+0.008
Metalex Ventures0.03+0.005
Russel Metals31.62+0.82
Copper Mountain Mining2.24+0.06
Colorado Resources0.125-0.015
ReliaBrand Inc0.013-0.002
Sunrise Resources Ltd0.050.00
Mission Ready Services0.35+0.015

 
24130


23967

FEATURED Property
2036519#7 - 3800 Gallaghers Pinnacle Way
3 bedrooms 3 baths
$667,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...


Be quiet already!

No, you’re not crazy. There really are voices in your head. Voices that keep you from doing what you need to do during your customer care calls. It can be the voice of your teachers, your parent...

_



24158

24119


Member of BC Press Council


22632