- Newly elected Canadian PM Trudeau has instructed his minister of transport responsible for the Coast Guard to implement a ban oil tanker traffic on the northern coast of British Columbia, Bloomberg reports.
- The ban has been in place informally for years but the move nevertheless will add another hurdle to Enbridge's (ENB -1.3%) proposed Northern Gateway pipeline to move Alberta crude to the port of Kitimat and on to Asia to open new markets for Canadian oil.
- ENB had won conditional approval under former PM Harper, so long as it met hundreds of criteria set out by the national energy regulator.