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Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 848,767,814
Close 2014-10-28 C$ 53.26
Market Cap C$ 45,205,373,774
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FP says Burnaby battling with Enbridge rival Kinder

2014-10-29 09:17 ET - In the News

The Financial Post reports in its Wednesday, Oct. 29, edition that the City of Burnaby, B.C., is refusing to back down from its fight with Enbridge rival Kinder Morgan. A Canadian Press dispatch to the Post reports that Burnaby plans to appeal a National Energy Board decision granting Kinder access to a municipal conservation area. The city has tried to block Kinder from conducting survey work in the area on Burnaby Mountain, its preferred route for the Trans Mountain pipeline. However, the NEB ruled last week that Burnaby cannot stop its activities because the geotechnical work is needed by the board so it can make recommendations to the federal government about whether the project should proceed. Burnaby Mayor Derek Corrigan questions the NEB's legal authority to consider constitutional questions relating to municipal bylaws. Mr. Corrigan says: "We are disappointed but not surprised by this ruling. ... We believe that it is inappropriate for the [NEB] to rule on the critical constitutional issue of whether a multinational pipeline company can override municipal bylaws and cause damage to a conservation area, for a project that no level of government has deemed to be in the public interest."

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