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Enter Symbol
or Name
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Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-05-19 C$ 52.10
Market Cap C$ 48,406,785,893
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Globe says Enbridge rival's pipeline stirs controversy

2016-05-20 07:49 ET - In the News

The Globe and Mail reports in its Friday edition that the conditional approval of Enbridge rival Kinder Morgan's oil pipeline expansion project by the National Energy Board shifts the politically risky decision now to the federal and British Columbia governments. The Globe's Justine Hunter and Mark Hume write that B.C. Premier Christy Clark is opposed to the project, which has generated strong opposition in the province because it does not yet meet the five conditions that she has established for new heavy oil pipeline projects. However, if Ottawa and Kinder Morgan continue to make progress in meeting B.C.'s five conditions, Ms. Clark could be left saying yes to something that faces unyielding opposition from mayors, first nations leaders, environmental activists and -- if the polls are correct -- a significant number of British Columbians. The NEB panel on Thursday concluded that Kinder Morgan's Trans Mountain project should be built because the benefits outweigh the risks. The panel concluded that the pipeline would not likely cause significant adverse environmental effects. Vancouver Mayor Gregor Robertson on Thursday called the NEB decision a "profound disappointment." He said the risks are too high.

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