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or Name
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CA



Enbridge Inc
Symbol ENB
Shares Issued 846,209,196
Close 2014-08-22 C$ 54.54
Market Cap C$ 46,152,249,550
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Globe/wire say wily Enbridge crafts plan to boost flow

2014-08-25 06:00 ET - In the News

The Globe and Mail reports in its Saturday, Aug. 23, edition that Enbridge plans to boost oil sands flow to the United States via a link between the Alberta Clipper and an adjacent pipeline known as Line 3. A Bloomberg dispatch to The Globe reports that by transferring oil from the Clipper to Line 3 before it crosses the border and then back again after the oil is in the U.S., helps Enbridge avoid the need for a presidential permit that is required for new lines. Enbridge can go forward with its plan under authority granted by previously issued permits. The plan drew criticism Friday from environmental groups opposed to new imports from Canada's oil sands because of climate-warming issues. According to State Department filings released last week, Enbridge considers the transfer of the oil from the Alberta Clipper to Line 3 a temporary solution. Enbridge is waiting for U.S. approval of its plan to expand its Alberta Clipper line. The Alberta Clipper line is now operating and can carry as much as 450,000 barrels of oil a day into the U.S. In November, 2012, Enbridge applied to the State Department to expand the capacity to 880,000 barrels a day. That proposal remains under a State Department review.

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