Saturday, January 31st-2.6°C
24736

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

24813


Recent Trending




Today's Market
S&P TSX14673.48+37.521
S&P CDNX676.81+9.70
DJIA17164.95-251.90
Nasdaq4635.24-48.167
S&P 5001994.99-26.26
CDN Dollar0.7856-0.0067
Gold1286.60-5.10
Oil49.60+3.16
Lumber322.50+0.70
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.035-0.005
Anavex Life Sciences0.174-0.006
Metalex Ventures0.040.00
Russel Metals23.42-0.16
Copper Mountain Mining0.99+0.01
Colorado Resources0.150.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



23015

FEATURED Property
21366781101 Cameron Avenue #40
2 bedrooms 2 baths
$419,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_



24709




Member of BC Press Council


24222