01:36:54 EDT Fri 26 Apr 2024
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or Name
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Enbridge Inc
Symbol ENB
Shares Issued 846,371,626
Close 2014-09-17 C$ 54.23
Market Cap C$ 45,898,733,278
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Globe says Enbridge rival Kinder beats injunction bid

2014-09-18 06:40 ET - In the News

The Globe and Mail reports in its Thursday, Sept. 18, edition that the City of Burnaby is vowing to fight on after its request for a temporary injunction against Kinder Morgan's Trans Mountain pipeline expansion project was rejected. The Globe's Sunny Dhillon writes that the proposed $5.4-billion project would twin an existing pipeline that runs from Alberta to B.C. and increase capacity from 300,000 barrels per day to 890,000. Survey crews were on Burnaby Mountain earlier this month, where the city says they cut down 13 trees, in violation of its parks bylaw. That prompted the city to seek an injunction in B.C. Supreme Court. A judge rejected the request Wednesday, a development Burnaby Mayor Derek Corrigan called "disappointing" but just one step in what will be a lengthy battle. Mr. Corrigan says: "Kinder Morgan's actions to date represent the beginning of years of destructive work they propose to undertake in Burnaby. ... We will continue to do everything we can to ensure that never happens, diligently pursuing what we believe represents the wishes of our citizens and is in the best interests of the city." Trans Mountain says it is "satisfied" with the decision.

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