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Enter Symbol
or Name
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CA



Enbridge Inc
Symbol ENB
Shares Issued 846,371,626
Close 2014-09-26 C$ 53.84
Market Cap C$ 45,568,648,344
Recent Sedar Documents

Globe says Enbridge, rivals hear Black tout his vision

2014-09-29 06:10 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Monday, Sept. 30, edition that David Black is undeterred by skeptics and insists his vision for an export refinery makes sense for British Columbia's energy market and Alberta's oil sands. The Globe's Brent Jang writes that for the past two years, Mr. Black has been investing his own money to get the ball rolling on Kitimat Clean Ltd. The project aims to turn bitumen from the oil sands into refined products for shipping in tankers to Asian energy buyers. Mr. Black says, "There is money to be made, but I got into this because I want to reduce the environmental risk." The risk that he is referring to is the fear of a massive oil spill from tankers off the West Coast, a concern shared by B.C. first nations. If a tanker hauling gasoline were to leak in the waters near Kitimat, B.C., it will be easier to contain and clean the spill because the fuel will not sink to the bottom of the ocean like bitumen would, Mr. Black argues. His venture carries a hefty $32-billion price tag -- $21-billion for the refinery in Kitimat, $8-billion for the pipeline, and $3-billion on other infrastructure and a tanker fleet. Critics say Kitimat Clean faces long odds of ever becoming reality.

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