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.
12:45 pm PST media registration opens
1:00 pm PST phone in briefing begins
Conference Call Dial In:
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.jpg
SOURCE Gitxsan Hereditary Chiefs
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