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Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-05-20 C$ 52.86
Market Cap C$ 49,112,911,753
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Globe says Enbridge rival Kinder faces new review panel

2016-05-24 07:06 ET - In the News

The Globe and Mail reports in its Monday, May 24, edition that a newly minted three-person panel will review the proposed Trans Mountain pipeline, following in the footstep of the National Energy Board, which made a favourable report on the pipeline last week. A Globe editorial says the deadline for new panel is Nov. 1. This new layer of approval may succeed in building consensus, notes The Globe. The Trans Mountain route, ending in Burnaby, B.C., has the advantage that there is already a pipeline there. The new one, to be built by Enbridge rival Kinder Morgan, would run beside it. The Globe says it would not be greatly disruptive, at least on land. Even so, many people in Burnaby are unhappy about more oil and gas in their neighbourhood. The new panel's work may largely turn on the consequences for Vancouver harbour, where much more oil will be shipped if the project goes ahead. Meanwhile, Enbridge's Northern Gateway project, where the oil would be shipped from Kitimat, B.C., through the sometimes choppy Douglas Channel, is still languishing. The Globe says Canada needs to export some of its energy from Alberta and Saskatchewan to tidewater and beyond.

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