Enbridge, Northern Gateway Pipeling to Accelerate Economic Growth in Canada

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Shane
 Neetichow
 58841107
 

Northern
 Gateway
 Pipeline
 Project
 to
  Accelerate
 Economic
 Growth
 in
 Canada
 
Stakeholder
 report
 for
 submission
 to
 Federal
 Government
 Review
 Panel
 
  Prepared
 for
  Director
 of
 SRP,
  Sauder
 School
 of
 Business
 UBC
 

  Prepared
 by
  Shane
 Neetichow,
 SRP
 Intern
  (On
 behalf
 of
 Client,
 TD
 Investment
 Banking)
 
 
 
  21
 October
 2012
 
 

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Shane
 Neetichow
 58841107
 

Northern
 Gateway
 Pipeline
 Project
 to
  Accelerate
 Economic
 Growth
 in
 Canada
 
I
 am
 addressing
 this
 research
 report
 on
 behalf
 of
 Investment
 Banking
 division
 TD
 in
  support
 of
 Enbridge
 and
 the
 Northern
 Pipeline
 Project.
 As
 you
 may
 know
 Enbridge
 is
 based
  in
 Calgary,
 specializing
 in
 transportation
 and
 distribution
 of
 energy.
 Enbridge
 distributes
  crude
 oil
 and
 natural
 gas
 through
 premium
 pipelines
 that
 primarily
 runs
 across
 Canada
 and
  the
 United
 States.
 Moreover,
 Enbridge
 is
 proposing
 a
 large-­‐scale
 project
 called
 the
 Northern
  Gateway
 Pipeline
 project.
 The
 project
 is
 the
 construction
 of
 twin
 oil
 pipelines
 that
 runs
 for
  1,150km
 from
 Alberta
 through
 BC
 and
 arrives
 at
 Kitimat
 to
 be
 redistributed
 by
 ships
 to
 Asia.
 
 

 

Potential
 Economic
 Growth:
 

I
 want
 to
 bring
 up
 an
 important
 underlying
 issue
 that
 may
 concern
 many
 stakeholders.
 The
  project
 directly
 raises
 concerns
 for
 the
 provincial
 governments,
 federal
 governments,
  company
 shareholders
 and
 citizens
 of
 Western
 Canada.
 The
 Northern
 Gateway
 Pipeline
  project
 significantly
 pushes
 the
 Canadian
 economy
 forward
 in
 terms
 of
 growth,
  employment
 and
 international
 relations.
 
 However,
 the
 pipeline
 project
 it
 is
 largely
  criticized
 by
 environmentalist
 groups
 and
 other
 conservative
 social
 groups
 due
 to
 potential
  damages
 to
 the
 environment
 and
 the
 habitat
 in
 surrounding
 areas.
 Nevertheless,
 facts
 and
  statistics
 outweigh
 the
 environmental
 risk.
 Further
 analysis
 on
 GDP,
 government
 tax
  revenue,
 employment
 rate
 and
 foreign
 relations
 will
 be
 used
 to
 evaluate
 the
 Northern
  Gateway
 Pipeline
 project.
 
 
  Firstly,
 the
 Northern
 Gateway
 pipeline
 will
 boost
 aggregate
 demand
 in
 the
 Canadian
  economy.
 Thus,
 if
 the
 project
 is
 accepted,
 Enbridge
 will
 enhance
 domestic
 economic
 benefits.
  Where
 the
 benefits
 are
 constructed
 from
 the
 positive
 impacts
 on
 GDP,
 local
 investments,
  tax/government
 revenue,
 employment
 rate
 and
 risk
 diversification.
 
 
 

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