Northern Gateway Pipeline Essay Example | Topics and Well Written Essays - 750 words

Northern Gateway stock - Essay ExampleA project of such a scale requires a sizable investing and with that, the external factors affecting the project or the projects own impact on the federation should be analyzed extensively (Enbridge Inc, 2012 AFX News Limited, 2007). Officials at Enbridge believe the project has more direct and mediate benefits to offer than harm to the society or the environment. .Such projects provide employment opportunities, permanent and contract based. The construction plosive speech sound of the grape project will open a window for 62700 notes and 1146 operational jobs in British Colombia, Alberta and split of Canada, collectively. Such a job exposure will lead to skill development within the workforce. High-end revenue enhancement returns of the course project of $912million will contribute towards the betterment of the society and the province. This will be the largest private enthronisation in the history of British Colombia. The revenue from the pipeline will contribute $270million to the Canadian GDP. Tax revenues oer 30 years will be over $1 billion, providing funds for healthc be, education and creating more job oppurtunities. Such an invest will give 1150 jobs in the Canadian economy. (Northern gateway pipeline project). Enbridge is one of the largest elan vital corporations in Canada, said that the company has the worst environmental record of 804 oil spills between 1991-2010. Therefore, it would not be surprising to realize that Enbridge Inc. is not exactly the favorite of environmental activists and often faces open criticism from variant social pressure groups. The chiefs of the Gitxsan region have openly condemned the idea for the pipeline. Environment activists argue that the operate of origination of oil from the oil sands wills pollute air and nearby water bodies such as lakes and rivers, this process will give a rise to global warming causing heat levels to rise in the region. If a spill were to occur, the chances of an explosion may arise due to the levels of bitumen present and such spill in remote areas is always a difficult task to cleanup, especially in winters. The bitumen pipeline penetrates coastal irrigate for 185km a spill can fatally damage the marine life and the waters of the protected remain firm forest. Furthermore, bitumen rapidly dissolves in water this makes the decontamination a lengthy task. (Girard, R. 2010 CBC News 2012) The figures released by Enbridge state that the pipeline running from Kitimat would transport 193,000 barrels of natural gas condensate per day. With a westerly flow, oil pipeline containing bitumen will transport 525,000 barrels of oil per day. Through the Kitimat marine terminal, the oil will be shipped to the Asiatic overseas markets via tankers. Enbridge officials ensure that all vessels that enter Kitimat terminal will be modern and double hulled. solely safety regulations will be followed and sea and wind conditions will be monitore d closely. Enbridge claims that the strategy will be put forward by putting together the best people, strategy and planning (Pipeline information and plan). The fight will go on, between the economic benefits and the environmental hazards this pipeline project will bring. Economically the benefits are there, but being a public limited company has its certain limitations. Any undesired pace putting the environment at risk might upset the shareholders and the investors greatly. Considering Enbridges reputation of oil spills and environmental violations, the criticisms on Enbridge