06:54:47 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 867,612,878
Close 2016-02-01 C$ 46.97
Market Cap C$ 40,751,776,880
Recent Sedar Documents

FP says petty politics bad news for Enbridge, others

2016-02-01 08:55 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Financial Post reports in its Saturday, Jan. 30, edition that it is alarming that Montreal's mayor last week tried to block TransCanada's Energy East pipeline. The Post's Diane Francis writes that this followed a decision by the British Columbia government to oppose expansion of the Trans Mountain line. Ms. Francis says both represent unacceptable sabotage of Canada's national interest. She says protectionism by provinces has been allowed to balkanize and stunt the Canadian economy. She says it has reduced politics to posturing and trade-offs among provinces allowing them to behave as though they were sovereign nations. Ms. Francis says the greatest national disappointment to many is that Ottawa has always had the power to stop this nonsense. Instead of imposing its powers Ottawa has engaged in "endless bargaining" with provinces to find some co-operative model. Canada's agenda has been dominated by quarrelling subnationals and horse-trading, thus damaging the living standards of all Canadians. Ms. Francis says we should not allow petty politics to sabotage the nation's economic growth and job creation. Oil is our future for at least another generation. Crybaby protectionism is not going to cut it.

© 2024 Canjex Publishing Ltd. All rights reserved.