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Enbridge Northern Gateway wins some native support
June 5, 2012 / 5:57 PM / 6 years ago

Enbridge Northern Gateway wins some native support

June 5 (Reuters) - Enbridge Inc said on Tuesday that 60 percent of the aboriginal communities living on the route of the proposed C$5.5 billion ($5.3 billion) Northern Gateway oil pipeline have agreed to accept an equity stake in the project.

The company said that half of the communities that signed up for a piece of the 10 percent equity stake on offer are in British Columbia and half in Alberta.

Enbridge expects the stake to generate C$280 million in net income over the next 30 years. ($1 = 1.0395 Canadian dollars) (Reporting by Scott Haggett; Editing by Gerald E. McCormick)

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