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Enbridge Inc
Symbol ENB
Shares Issued 848,767,814
Close 2014-11-17 C$ 50.96
Market Cap C$ 43,253,207,801
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Globe says Enbridge sees Prentice turn green

2014-11-18 06:17 ET - In the News

The Globe and Mail reports in its Tuesday edition that Alberta Premier Jim Prentice is keen on finding new markets for oil in Asia. A Globe editorial reports that Mr. Prentice says the only way to do that is by redefining Alberta "as an environmental leader." The Globe says some folks might find that hard to swallow, considering Alberta's major commodity is tarry fossil fuel that is yanked from the ground in an emissions-heavy process. The Globe concedes, however, that an energy exporter today has to appear credibly concerned with environmental issues. The Globe says Mr. Prentice is right when he suggests that Alberta's growth is unsustainable unless it can get its bitumen to the Pacific Ocean. Mr. Prentice, however, also knows that an unrepentant carbon-emitting Alberta will have a hard time convincing British Columbians and native communities to support a western pipeline, such as Enbridge's Northern Gateway. Thus it makes sense for Mr. Prentice to speak passionately about making Alberta an "environmental leader." Mr. Prentice has several options, but it might all be for naught if the Tory government maintains its animosity toward all things green, concludes The Globe.

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