First cracks in Northern Gateway opposition as BC First Nation backs $5.5 billion pipeline
First cracks in Northern Gateway opposition as BC First Nation backs $5.5 billion pipeline - MINING.com
CBC News reports a British Columbia First Nation has announced it’s backing the Northern Gateway pipeline project to ship oil sands crude to the West Coast, despite fierce opposition from dozens of other groups in the area.
Chief Elmer Derrick said the hereditary chiefs of the Gitxsan have accepted Enbridge Inc.’s offer of an equity stake in the $5.5 billion project. He expects the deal will provide at least $7 million of net profit to his people, according to CBC News.
Now that the TransCanada Corp’s Keystone XL pipeline appears dead, Ottawa and the Alberta oil industry have turned their attention to the Northern Gateway pipeline project that would stretch for 1,170km from Brudenheim in Alberta to Kitimat in northern British Columbia to. The pipeline will have the capacity to export approximately 525,000 barrels of oil per day and import approximately 193,000 barrels of condensate a day to a new marine terminal where up to 200 tankers per year would carry crude to market in China, Singapore and Korea.
But the $5.5 billion project which has significant Chinese backing, is already almost a year behind schedule and would not go into operation in 2017 at the soonest. Even this schedule is optimistic: starting in January, an unprecedented 4,000-plus people – the vast majority environmental activists – will speak for a collective 650 hours at public hearings.
First cracks in Northern Gateway opposition as BC First Nation backs $5.5 billion pipeline - MINING.com
CBC News reports a British Columbia First Nation has announced it’s backing the Northern Gateway pipeline project to ship oil sands crude to the West Coast, despite fierce opposition from dozens of other groups in the area.
Chief Elmer Derrick said the hereditary chiefs of the Gitxsan have accepted Enbridge Inc.’s offer of an equity stake in the $5.5 billion project. He expects the deal will provide at least $7 million of net profit to his people, according to CBC News.
Now that the TransCanada Corp’s Keystone XL pipeline appears dead, Ottawa and the Alberta oil industry have turned their attention to the Northern Gateway pipeline project that would stretch for 1,170km from Brudenheim in Alberta to Kitimat in northern British Columbia to. The pipeline will have the capacity to export approximately 525,000 barrels of oil per day and import approximately 193,000 barrels of condensate a day to a new marine terminal where up to 200 tankers per year would carry crude to market in China, Singapore and Korea.
But the $5.5 billion project which has significant Chinese backing, is already almost a year behind schedule and would not go into operation in 2017 at the soonest. Even this schedule is optimistic: starting in January, an unprecedented 4,000-plus people – the vast majority environmental activists – will speak for a collective 650 hours at public hearings.
