19:48:22 EDT Wed 08 May 2024
Enter Symbol
or Name
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Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-06-22 C$ 58.78
Market Cap C$ 50,357,585,908
Recent Sedar Documents

Globe says Smart Oceans plays dumb on Enbridge, others

2015-06-23 08:15 ET - In the News

The Globe and Mail reports in its Tuesday, June 23, edition that a subsea observation system being built by Ocean Networks Canada at the University of Victoria will let scientists detect underground earthquakes or predict tsunamis. The Globe's guest columnist Dene Moore writes that the federal government has sunk more than $30-million into the project. An internal government document says information from the Smart Oceans project could support the development of pipelines linking the Alberta oil sands to the Pacific coast. "The program aligns with and has the potential to address key issues related to marine safety and mitigation of the environmental impact of increased shipping," said a due diligence report prepared for Western Economic Development Canada before it announced funding for the project in 2014. Enbridge is not mentioned on Ocean Networks' website, nor are Northern Gateway, Trans Mountain or Kinder Morgan. Curiously, the words "tanker" and "bitumen" do not appear. With a straight face the head of the Smart Oceans project says it is not about helping the resource industry. The Globe, however, says it is no surprise the Tory government might be interested.

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