16:58:38 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 846,632,952
Close 2014-09-30 C$ 53.61
Market Cap C$ 45,387,992,557
Recent Sedar Documents

Globe says Enbridge mulls foreign growth opportunities

2014-10-01 08:02 ET - In the News

The Globe and Mail reports in its Wednesday, Oct. 1, edition that Enbridge is eyeing the power generation business and mulling returning to the international scene as it seeks growth opportunities into the next decade. The Globe's Jeff Lewis writes that chief executive officer Al Monaco said Tuesday Enbridge is planning a 760-kilometre oil pipeline in Colombia. He declined to provide specifics, but said the project could cost "in the order" of $6-billion. Enbridge is also assessing opportunities tied to Australia's export-led gas boom. A similar energy rush on Canada's West Coast could yield new business in gas processing, Mr. Monaco said, although Enbridge executives on Tuesday questioned the scale, timing and costs of British Columbia's bet on liquefied natural gas. Mr. Monaco said building energy infrastructure today is "a bigger challenge" in North America, where pipeline projects including the company's $7.9-billion Northern Gateway have encountered fierce resistance from local groups and environmentalists. On Tuesday, Enbridge pushed back the start of a $2.6-billion pipeline called Sandpiper to 2017 from a planned 2016 start, citing a regulatory change in Minnesota.

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