05:04:22 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 846,209,196
Close 2014-07-25 C$ 55.12
Market Cap C$ 46,643,050,884
Recent Sedar Documents

FP/CP say Enbridge ordered to stop pipeline work

2014-07-28 06:30 ET - In the News

The Financial Post reports in its Saturday edition that the National Energy Board has ordered Enbridge to halt work along an oil pipeline in Manitoba because of safety and environmental concerns. A Canadian Press dispatch to the Post reports the NEB says an inspection earlier this month on Enbridge's Line 3 pipeline, which runs between Alberta and Wisconsin, revealed several problems. It says wetlands and agricultural land near Cromer, Man., were damaged and open excavations posed safety hazards. Enbridge announced plans earlier this year to replace Line 3 in its entirety -- a $7.5-billion undertaking that would be the largest project in Enbridge's history. Company spokesman Graham White says the stop-work order was not related to that project, but to regular maintenance work on the existing 46-year-old pipeline. He says Enbridge has already started working on some of the issues raised by the NEB. The NEB says it will not allow work to resume until it is satisfied the problems have been fixed by Enbridge. The NEB says, "Multiple construction mitigation measures committed to by Enbridge in its environmental protection plan to conserve topsoil, control erosion and manage drainage were not implemented."

© 2024 Canjex Publishing Ltd. All rights reserved.