Enbridge ups investment in Northern Gateway pipeline

Energy firm Enbridge has committed an additional $150 million to the Northern Gateway pipeline which would carry oil from Alberta’s oil sands into northwestern British Columbia, according to Consumer Energy Report.

|
Dan Riedlhuber/Reuters/File
A storage tank looms over a freeway at the Enbridge Edmonton terminal in Edmonton in this August 2012 file photo. Enbridge has injected an additional $150 million into the Northern Gateway pipeline project, according to Consumer Energy Report.

Despite continued opposition to the Northern Gateway pipeline, energy firm Enbridge has committed an additional $150 million to that project in a show of commitment to its goal to carry oil from Alberta’s oil sands into northwestern British Columbia, allowing it to be easily shipped to Asia.

Enbridge began work on the project with a $300 million investment, but ensuing controversy due to the perceived environmental risks associated with the long distance pipeline have slowed progress, leaving many wondering if Enbridge would abandon the project altogether. (Read More: Enbridge Set to Invest $6.28 Billion in Oil Pipeline)

On the contrary, this latest show of confidence indicates that the company plans to battle its way to the pipeline’s completion.

“We definitely believe in this project, and we are prepared to go forward and invest that kind of capital to move this project toward sanction,” Enbridge’s Northern Gateway senior project director, Barry Horon, told the Globe and Mail

Despite that confidence, environmental groups have increased the pressure they’ve been putting on both Enbridge and the Canadian government in an attempt to have the project stalled during an evaluation period in which environmental risks would be better assessed, but that opposition has gained little support among decision makers so far; with potentially billions of dollars in long term revenue for both the federal and provincial governments involved, that comes as no surprise. (Read More: TransCanada Faces Keystone XL Trouble in Texas)

With total costs expected to exceed $6.5 billion, Enbridge still has a long way to go, with the next 12 months being set aside for the drilling of hundreds of shallow wells that will allow for the assessment of the unseen terrain that the pipeline will need to cross on its path through the Rocky Mountains on its way to the shores of the Pacific Ocean. Once the exact route has been determined, the next phase of the project will consist of measuring the amount of pressure that will be required to move different grades of crude over the necessary long distances.

Enbridge has not yet specified a completion date for the project.

Source: Enbridge Increases Northern Gateway Investment

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

QR Code to Enbridge ups investment in Northern Gateway pipeline
Read this article in
https://www.csmonitor.com/Environment/Energy-Voices/2012/1222/Enbridge-ups-investment-in-Northern-Gateway-pipeline
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe