16:50:16 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 863,655,440
Close 2015-11-23 C$ 48.46
Market Cap C$ 41,852,742,622
Recent Sedar Documents

Globe says TransCanada, others offer transport hope

2015-11-24 07:43 ET - In the News

See In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Tuesday edition that cash-starved oil sands producers face mounting pressure to slash carbon emissions or dial back long-term growth plans after Alberta's NDP government unveiled new rules aimed at cleaning up the industry's "dirty oil" reputation. The Globe's Jeff Lewis writes that Alberta Premier Rachel Notley slapped a hard cap on planet-warming greenhouse gases from the sector, drawing praise from environmentalists and some energy executives with a plan to limit the industry's soaring emissions to no more than 100 megatonnes (Mt) a year. The measures also include a 10 Mt allotment above that threshold for projects that use co-generation as well as provisions to enable additional bitumen processing. "We fully anticipate oil sands growth beyond 2020, but the licence to do so is now tied to lower-emission barrels," Royal Bank of Canada analyst Greg Pardy said Monday in a note to clients. Alberta is hoping to dent fast-rising oil sands emissions in exchange for popular support for pipeline proposals after U.S. President Barack Obama scuttled TransCanada's $8-billion Keystone XL project earlier this month. The challenge now is to funnel crude to Canada's coasts.

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