17:52:02 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 924,352,708
Close 2016-04-25 C$ 53.05
Market Cap C$ 49,036,911,159
Recent Sedar Documents

Globe says NEB gives nod to Enbridge's Northern Gateway

2016-04-26 06:52 ET - In the News

The Globe and Mail reports in its Tuesday, April 26, edition that federal Natural Resources Minister Jim Carr assured Albertans on Monday that he recognizes the importance of building oil pipelines to new export markets. The Globe's Shawn McCarthy, Jeffrey Jones and Steven Chase write that Liberal cabinet ministers were told by Alberta Premier Rachel Notley that it is urgent that Ottawa approve proposed pipelines in order to provide confidence for the industry and access to international pricing for her province's principal export. The National Energy Board gave the nod on Monday to Enbridge's $7.8-billion overhaul of its aging mainline into the United States. The project would add export capacity into the American market. The federal cabinet will provide a final decision on it this fall. Enbridge is also the proponent of the Northern Gateway project, which would carry 500,000 barrels a day of oil-sands crude from Alberta to Kitimat, B.C., for export to Pacific markets. Mr. Carr said he expects Ottawa to decide on Kinder Morgan's expansion of its Trans Mountain pipeline, which would add about 600,000 barrels a day of capacity to a line that ends at Vancouver Harbour.

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