09:53:26 EDT Thu 28 Mar 2024
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or Name
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CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-07-20 C$ 58.25
Market Cap C$ 49,903,528,056
Recent Sedar Documents

Globe says feds still lobbying for TransCanada, others

2015-07-21 08:13 ET - In the News

See In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Tuesday edition Canada needs to expand its market opportunities for crude oil now that a deal on Iran's nuclear program is expected to open up that country's oil supply to international trade, Natural Resources Minister Greg Rickford said Monday. A Canadian Press dispatch to The Globe quotes Mr. Rickford said market access is an imperative. He said Canada is well positioned to expand its market given its political and economic stability. "We have to be vigilant in our efforts to ensure that we can supply a market beyond where we currently are," Mr. Rickford said. He said Ottawa is working toward that end, adding that there are eight new markets exporting Canadian crude, including Spain, France and Hong Kong. Mr. Rickford highlighted that between 2005 and 2014 Canada's crude oil exports grew by 81 per cent. "In Italy, the value of Canadian imports grew almost six-fold between 2013 and 2014," he said. Mr. Rickford also pointed to the government's new pipeline safety measures. Pipeline safety has been top of mind for Ottawa as it pushes the Obama administration to approve TransCanada's Keystone XL pipeline from Canada to refineries on the Texas Gulf.

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