Saturday, December 3, 2011

Aboriginal group takes a stake in Northern Gateway (FP)

Frank Wolf
Frank Wolf

B.C. First Nation buys ownership stake in Enbridge pipeline

 Dec 2, 2011 – 3:44 PM ET Last Updated: Dec 2, 2011 3:49 PM ET
By Peter O’Neil
Enbridge Inc.’s $5.5-billion Northern Gateway pipeline project, hammered by criticism from aboriginal and environmental groups this week, got a major backer Friday when the Gitxsan First Nation announced it is taking an ownership stake in the project.
The Gitxsan First Nation, one of British Columbia’s best-known aboriginal communities because of its role in a landmark land rights court ruling, said it expects to generate at least $7 million in net profits from the joint agreement.

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