21:49:32 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 867,612,878
Close 2016-02-04 C$ 47.64
Market Cap C$ 41,333,077,508
Recent Sedar Documents

Globe says Enbridge, rivals hear green future elusive

2016-02-05 06:26 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Friday, Feb. 5, edition that the National Energy Board says total energy use in Canada, including use of oil, will rise. The Globe's Jeffrey Simpson writes that the NEB says if you kill all four major oil pipelines, TransCanada's Energy East and its Keystone XL, Kinder Morgan's Trans Mountain and Enbridge's Northern Gateway, it would not matter all that much. Growth in energy use, including oil, would be only marginally lower. Oil will find markets, shipped by train if not by pipeline, and markets here and abroad will continue to exist. The shipment of oil by train is more expensive than by pipeline. It will cut bottom-line profits, but not by enough to trim very much production. Train shipment will slice 1.7 per cent off Alberta's GDP. Renewables will continue to grow, but from a very small share of total energy demand. Renewables' growth, however, cannot possibly replace the energy lost from phasing down coal and filling the country's rising energy requirements. To suggest otherwise, Mr. Simpson says, is fantasy. Greenhouse gas emissions dropped only 3 per cent from 2005 to 2013, leaving Canada way below the Harper government's stated targets.

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