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Enbridge has proposed building the Northern Gateway pipeline which would allow bitumen from Alberta to be transported to Asian markets. The province is doing a
Enbridge has proposed building the Northern Gateway pipeline which would allow
bitumen from Alberta to be transported to Asian markets. The province is doing a policy
review to decide whether to build the project. They estimate in their review that there is
a chance that a large tanker would run aground during the life of the project
causing great environmental and economic harm. The provincial government estimates
the damage in the case of a catastrophic spill would be $ billion. The province would
benefit through jobs and royalties to the amount of million a year and the project
would last forever. Using a discount rate of percent estimate the expected NPV of
the pipeline.
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