Gitxsan announced an agreement with Enbridge Northern Gateway Pipelines
VANCOUVER, Dec. 2, 2011 /CNW/ - On behalf of the Gitxsan Hereditary Chiefs, Hereditary Chief Elmer Derrick today announced an agreement with Enbridge Northern Gateway Pipelines to become a partner in the ownership of the $5.5 billion project to export oil to the Pacific Rim.
"Over time we have established a relationship of trust with Enbridge, we have examined and assessed this project, and we believe it can be built and operated safely," said Chief Derrick. "We believe that the construction of this pipeline is of vital importance to the future of Canadian energy security and prosperity."
The agreement is expected to deliver at least $7 million in net profit to the Gitxsan people. Enbridge will be providing financing at favourable rates, and the partnership will provide a solid foundation for an ongoing dialogue between the Gitxsan and Enbridge regarding regional renewable energy projects.
"Let me stress that all decisions we make in pursuing business on Gitxsan land remain faithful to the laws of our people, said Chief Derrick. "Those who wish to do business in Gitxsan territory will be held to Gitxsan standards."
Janet Holder, Executive Vice-President of Western Access for Enbridge, welcomed the announcement and the support of the Gitxsan Nation. "I want to acknowledge the vision demonstrated by Chief Derrick and the Hereditary Chiefs," said Ms. Holder. "The most significant way in which Aboriginal people can benefit from the Northern Gateway project is by owning a stake in it and sharing in the net income it produces."
Chief Derrick and Ms. Holder will be available to answer media questions
during a phone-in briefing at 1:00 pm pacific, Friday, December 2,
2011. To participate in the briefing, accredited media representatives
should call the conference call beginning at 12:45 pm.
|Time:||12:45 pm PST media registration opens|
|1:00 pm PST phone in briefing begins|
|Conference Call Dial In:||1-866-321-6651|
Image with caption: "Today in Vancouver, Gitxsan Hereditary Chief Elmer Derrick signs historic equity agreement with Janet Holder, Executive Vice President of Western Access for Enbridge. (CNW Group/Gitxsan Hereditary Chiefs)". Image available at: http://photos.newswire.ca/images/download/20111202_C3620_PHOTO_EN_7816.jpgFor further information: