01:33:51 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
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 LNG future in doubt

2014-09-29 08:43 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Monday, Sept. 30, edition that in a detailed analysis the School of Public Policy at the University of Calgary warned a few weeks ago that British Columbia's attempt to become a global LNG-export hub is in doubt because regulatory delays and uncertainty were making it difficult for industry to proceed. The Globe's Mark Hume writes that if Petronas's LNG project in B.C. fails to go ahead, others may follow and the development boom promised by Premier Christy Clark might never materialize. Report co-author Jennifer Winter calls a proposed special tax on the LNG industry "a revenue grab." She says: "It's a special tax on one industry. It's essentially no different from the government deciding to arbitrarily tax pulp and paper mills or blueberry farms." Ms. Winter says it is taking B.C. too long to come up with its LNG tax regime. Ms. Winter adds that the fall in LNG prices "is making proponents think seriously about whether or not it's a decent investment." Ms. Winter adds, "B.C. isn't especially known for being friendly to oil and gas producers or pipelines." She says, "There are just a lot of these issues up in the air."

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