http://www.cbc.ca/news/canada/edmonton/story/2012/09/18/enbridge-hearing.html
The benefits of the Enbridge Pipeline might be exaggerated.
A lawyer for the First Nation claims that much of the land the pipeline would travel though nearly $1.5 billion a year in increased revenue by 2018 are inflated.
The estimate Enbridge (TSX:ENB) at the Energy Board suggested oil supply in Western Canada will grow by 6.5% a year between 2011 and 2020. (TSX:ENB)
The environmental economist said that the information was analyzed inside the 50-metre pipeline, but other effects were ignored outside of the corridor.
It evident that there are many adverse ecological effects disturbed by the pipeline that cannot be monetized.
Enbridge is currently working with the Nature Conservancy to protect land that would offset areas disturbed by the project.