05:18:14 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 855,034,826
Close 2015-05-27 C$ 60.38
Market Cap C$ 51,627,002,794
Recent Sedar Documents

Globe/CP say Van mayor opposes Enbridge rival's plan

2015-05-28 09:30 ET - In the News

The Globe and Mail reports in its Thursday edition that new findings show the expansion of Kinder Morgan's Trans Mountain pipeline is a grave threat to the City of Vancouver's health, economy and environment, says Mayor Gregor Robertson. A Canadian Press dispatch to The Globe reports that the city commissioned expert studies on the potential impacts of the $5.4-billion proposal and the findings were presented to council on Wednesday. Mr. Robertson says: "Today, we heard overwhelming evidence that the Kinder Morgan pipeline proposal and the oil tankers associated with it are incredibly disastrous for Vancouver. ... My mind is clearly made up. I think this is a bad deal for Vancouver." The mayor entered a motion to reaffirm the city's opposition to the project, but council agreed to defer the vote for two weeks after Councillor Elizabeth Ball requested more time to review the findings. The National Energy Board is mulling Enbridge rival Kinder Morgan's plan to triple its bitumen-carrying capacity to 890,000 barrels a day by laying almost 1,000 kilometres of new pipe near an existing line between Alberta and Burnaby, B.C. The city submitted its expert evidence to the NEB on Wednesday.

© 2024 Canjex Publishing Ltd. All rights reserved.