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Enbridge Inc
Symbol ENB
Shares Issued 843,997,451
Close 2014-07-11 C$ 50.54
Market Cap C$ 42,655,631,174
Recent Sedar Documents

FP says TransCanada, rivals have Immelt as an ally

2014-07-14 04:27 ET - In the News

See In the News (C-TRP) TransCanada Corp

The Financial Post reports in its Saturday edition that General Electric chief executive officer Jeff Immelt said last week GE will help companies clean up the oil sands so that the deposits can continue to be tapped. The Post's Diane Francis writes that Mr. Immelt's remarks are a welcome relief from Ottawa's and Edmonton's "our-oil-sands-are-not-dirty" mantra that threatens to strand the deposits not just in Canada, but in Alberta. Mr. Immelt says fix the emissions and environmental challenges and more oil sands exports will get the green light. Ms. Francis agrees with Mr. Immelt. The GE CEO is proposing industry collaborate and voluntarily establish lower emissions targets in order to remove the political opposition to TransCanada's Keystone XL as well as that faced by Premier Christy Clark in British Columbia. He said: "We, in terms of the oil sands, need to peg a greenhouse-gas target that would make us competitive with any other fuel source in the world. I think that more or less takes it off the table as an excuse." Oil sands proponents and Ottawa have had a tin ear, defending the status quo for years, which, Ms. Francis says, is not an option. Ms. Francis says Mr. Immelt must be heeded and supported.

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