Sorry about that. My editor posted the headline and the line above; by contract I am not allowed to change it.
The New York Times is reporting:
The Canadian government’s approval of a major pipeline running from the Alberta oil sands to a new port on the coast of British Columbia has intensified opposition from aboriginal groups, environmentalists and community advocates.
The Northern Gateway project, which the government approved on Tuesday as expected, would send heavy, oil-bearing bitumen to Asia, giving Canadian producers better access to the world markets. The pipeline, being built by Enbridge, has been championed by the federal government as a way to diversify Canada’s energy industry from its current dependence on exports to the United States.
But opponents in British Columbia, who span the political spectrum, threatened to block the pipeline altogether. The fear is that the pipeline would make the province vulnerable to an oil spill, damaging the rugged and scenic coastline.
Whatever. Something tells me I won't see this pipeline completed in my investing lifetime. Which is not all bad.