Friday, October 24th4.8°C
23840
23004

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 TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 





FEATURED Property
19763033414 Merlot Way
5 bedrooms 4 baths
$624,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


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...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22707