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or Name
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Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-05-18 C$ 52.37
Market Cap C$ 48,657,646,396
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Globe says NEB to report on Enbridge rival's pipeline

2016-05-19 06:57 ET - In the News

The Globe and Mail reports in its Thursday, May 19, edition that the National Energy Board is set to hand off a political time bomb to the Liberal government on Thursday as it releases its report on Enbridge pipeline rival Kinder Morgan's controversial proposal to expand its TransMountain crude pipeline dramatically. The Globe's Shawn McCarthy writes that Prime Minister Justin Trudeau has seven months to work out a political consensus in the debate over a pipeline project. Alberta has been battered by low oil prices and a raging forest fire that has shut down more than a million barrels a day of oil sands production. Premier Rachel Notley is looking for signals from Ottawa that the Liberal government will approve the $5.4-billion (U.S.) project, which would nearly triple the line's capacity to 890,000 barrels a day of crude. Environmentalists, first nations and the mayors of Vancouver and Burnaby, B.C., oppose the expansion, saying it is inconsistent with Canada's commitment to reduce greenhouse gas emissions and poses unacceptable risks of spills in Vancouver Harbour. The NEB is expected to recommend that cabinet approve the pipeline expansion with a slew of conditions.

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