Canada Aims to Make a Major Industry Much Safer
Enbridge Inc's Northern Gateway pipeline project is causing considerable debate in Canada, and a legal ruling on its future is imminent. But rather than wait and see what happens with the Northern Gateway, the Canadian government enacted new measures to boost the liability of all oil pipeline operators in the case of spillage.
"Even in the most extreme and unlikely circumstances, the government will ensure that the environment, landowners and taxpayers are protected and the polluter pays," said Natural Resources Minister Greg Rickford in a prepared text and reported in Bloomberg.
In this "Digging for Value" video, Fool energy and materials analysts Joel South and Taylor Muckerman discuss how this tough new measure will affect oil sands companies of all sizes, starting with the biggest: Suncor Energy .
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