03:53:28 EDT Fri 19 Apr 2024
Enter Symbol
or Name
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Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-08-18 C$ 55.22
Market Cap C$ 47,307,687,884
Recent Sedar Documents

Globe says Enbridge hears call to "modernize" the NEB

2015-08-19 08:38 ET - In the News

The Globe and Mail reports in its Wednesday edition that National Energy Board hearings have become battlegrounds for environmental controversy. The Globe's Jeffrey Jones writes that several federal party leaders are saying the NEB needs to be yanked into the more environmentally conscious present. The leaders, including the NDP's Thomas Mulcair and the Liberals' Justin Trudeau, say that climate change must be part of the calculus for saying yes or no on developments. The Tories have done what they can with the board's legislation to keep reviews humming along as the oil industry complains that market opportunities are slipping away owing to incessant regulatory delays and opposition. Mr. Trudeau wants to "modernize and rebuild trust" in the board. He has pledged to replace the Tory's streamlined project approval process with a process that allows the public to "meaningfully participate" at hearings and bolster oversight. At the root of these arguments are the changes that the Tory government made in 2012 under Bill C-38, aimed at speeding up approvals for major projects, starting with the hearings for Enbridge's Northern Gateway pipeline. Critics says Bill C-38 guts environmental legislation.

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