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Supreme Court land ruling in favour of BC First Nation won’t impact Gateway, Enbridge CEO says – Financial Post

CALGARY – The recent Supreme Court of Canada ruling recognizing the Tsilhqot’in First Nation’s aboriginal title claim in British Columbia won’t impact the proposed Northern Gateway pipeline, Enbridge Inc. president and CEO Al Monaco said Wednesday.

While hailed by the province’s aboriginal community as a powerful new legal lever to defeat the project, Mr. Monaco said the decision confirms Enbridge has been taking the right approach all along by reaching out to communities in the Alberta-to-West Coast pipeline right of way and offering economic participation. So far, 26 First Nations have signed up to be equity owners.

“It’s a little bit of ‘We are already here’,” Mr. Monaco said at an energy conference in Calgary organized by TD Securities. “That decision re-enforces the approach taken today.”

Read more: http://business.financialpost.com/2014/07/09/supreme-court-land-ruling-in-favour-of-b-c-first-nation-wont-impact-northern-gateway-enbridge-ceo-says/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+(Financial+Post+-+Top+Stories)&__lsa=ac8a-bce6

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