Thursday, June 14, 2012

Canada: First nations' Northern Gateway stake ‘not free money at all'

Globe and Mail: What Enbridge did not mention is that in accepting company shares, those groups also agreed not to stand in the project's way. The equity agreement, which Enbridge acknowledged but is taking pains to play down, helps explain why 40 per cent of the groups declined what was essentially free money. It also illustrates the tactics the company is using as it fights a strident opposition to its $5.5-billion project. Under the terms of the deal, unearthed through a Greenpeace freedom of information request,...

URL: http://www.theglobeandmail.com/globe-investor/first-nations-northern-gateway-stake-not-free-money-at-all/article4257711/

No comments:

Post a Comment