Stock Quote        
  Join        Login  
logo

Canada assesses pipeline perks

Friday, August 10, 2012 7:27 AM

CALGARY, Alberta, Aug. 10 (UPI) -- A report from a Canadian energy research organization states the economy of British Colombia would benefit most from planned oil pipelines.

Pipeline company Enbridge is among energy players seeking to build or expand oil pipelines that would carry so-called tar sands oil from Alberta province to ports in British Columbia for export to Asia.

British Columbia Premier Christy Clark called for greater consideration for the regional environment while also calling for a "fair share" of the economic benefits that would reflect the provincial burden.

The Canadian Energy Research Institute, backed by the industry and governments, states the provincial government in British Columbia would get more than half of the benefit to the gross domestic product from pipeline developments, reports the Calgary Herald.

The CERI report backs conclusions reached by Enbridge. Clark, the Herald adds, said the expected profits aren't enough to offset the environmental risks.

The safety record for Enbridge was tarnished by two pipeline spills in the same network in the United States.

The Canadian government set a Dec. 31, 2013, deadline for Enbridge to deliver its assessment on the proposed Northern Gateway oil pipeline.

(Source: UPI )
(Source: Quotemedia)

Follow iStockAnalyst on Twitter Follow iStockAnalyst on Twitter
Subscribe to Email Alerts
Advertisement
Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 




Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.