Greg Ebel, CEO of Enbridge Inc., emphasized that significant changes in government policies are essential for any new energy export projects in Canada. During a recent earnings call, he outlined the necessary conditions to consider reviving projects like the Northern Gateway pipeline, including legal guarantees, removal of strict environmental regulations, funding indigenous participation, and clear cost indications. Despite a growing public interest in pipelines amid a brewing trade war with the U.S., stakeholders acknowledge the need for coordinated legislative actions to attract investment and proceed with development.
For us to be willing to seriously consider reinvesting in a project like that, whether it's east or west or just west, we need to see real change on numerous fronts.
A lot of coordinated federal and pan-provincial legislative and regulatory action would be required before we think investors, management teams or customers would be able to green light such projects.
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