Aboriginal Groups: Chief Rose Laboucan

Chief Rose Laboucan: It's a far cry from the path out of poverty the company claims, say some aboriginal leaders, who are among the minority who have rejected the offer, according to CTV. Laboucan said the band sat down to negotiate with Calgary-based Enbridge TSX:ENB but would not sign the equity agreement "for ethical reasons." TERRACE, B.C. -- The equity offer from Northern Gateway to aboriginal groups along the route of a controversial oil pipeline would amount to an average of about $70,000 a year for the bands, which would be obliged to borrow the millions of dollars needed to purchase equity from Calgary-based Enbridge itself. "Only minimal economic benefits were offered," Chief Rose Laboucan, the six-term chief of the Driftpile Cree Nation northwest of Edmonton, told the federal panel assessing the project during final arguments about the controversial project. (www.immigrantscanada.com). As reported in the news.