- The premiers of British Columbia and Alberta say they can work through some of the differences standing in the way of the proposed Enbridge (ENB; EEP) Northern Gateway pipeline, but they’ve effectively agreed to drop the most contentious issue: B.C.’s demand for a share of the revenue associated with the project.
- B.C. Premier Christy Clark has long insisted her support for Alberta's plans depends on the project meeting various conditions including a "fair share" of the economic benefit, but B.C. is now agreeing to take demands for financial compensation directly to the oil and gas industry.
- Alberta's Alison Redford suggests the understanding brings the provinces closer to an ultimate agreement on the pipeline.
- In addition to the Enbridge project, Kinder Morgan's (KMP; KMI) proposed Trans Mountain project would expand an existing pipeline from Alberta to the Vancouver area.
B.C., Alberta reach "framework" agreement on Gateway project
Nov 5 2013, 17:18 ET