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B.C., Alberta reach "framework" agreement on Gateway project

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.

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Comments (5)
  • Ruffdog
    , contributor
    Comments (2336) | Send Message
    I know I have said it before but the more trouble with the Keystone pipeline the more valuable these two pipelines become.
    5 Nov 2013, 05:25 PM Reply Like
  • Randal James
    , contributor
    Comments (4171) | Send Message
    I think this was the way to go all along. If there is enough environmental protection, Canadians will keep more of their own production dollars and more control of their resources.
    5 Nov 2013, 05:51 PM Reply Like
  • BugleBoy
    , contributor
    Comments (229) | Send Message
    Good news for just about everyone.
    5 Nov 2013, 07:19 PM Reply Like
  • pigeonguy
    , contributor
    Comments (156) | Send Message
    The USA is being stupid not approving the Keystone. We could be ensuring a safe and dependable source of energy with our friendly neighbor to the north. This supports both the Canadians and the Americans. Now this oil will go to Asia to allow China to compete even more effectively with North American companies. While we go on the world market and buy crude from radical regimes that wish the worst for America and its way of life.
    6 Nov 2013, 12:20 PM Reply Like
  • mrgman
    , contributor
    Comments (22) | Send Message
    pigeonguy, as ole Lee said "I couldnt have said it better myself"
    10 Nov 2013, 12:27 PM Reply Like
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