Enbridge Inc. has announced that it expects to make a decision on whether to go ahead with the controversial Northern Gateway pipeline in the second half of 2016.
Despite the new Canadian government announcing a ban on tanker traffic along the north coast of British Columbia, Enbridge has restated its commitment to the project.
Chief Executive Al Monaco said on a conference call that the company was not giving up on the project, which would carry oilsands crude from near Edmonton, Alberta, to a deepwater port at Kitimat, British Columbia for export to Asian markets.
Monaco says Prime Minister Justin Trudeau and Natural Resources Minister Jim Carr have both shown theyº£½Ç³Ô¹ÏÍø™re open to listen to Enbridgeº£½Ç³Ô¹ÏÍø™s point of view and have talked about the importance of opening new markets for Canadian crude.
Northern Gateway would transport more than half a million bpd of Alberta crude to the port of Kitimat, British Columbia, with the aim of sending tankers to markets across the Pacific.
Edited from various sources by
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