18:38:01 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-05-24 C$ 53.10
Market Cap C$ 49,335,898,866
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Globe says Enbridge rival's plight is of our own making

2016-05-25 07:02 ET - In the News

The Globe and Mail reports in its Wednesday, May 25, edition that the world is not waiting for British Columbia (and Canada) to get its act together because overseas buyers of what it wants to sell -- liquefied natural gas and oil -- can be bought elsewhere. The Globe's Jeffrey Simpson writes that B.C. and Canada need to untie the knots of their own creation. The latest victim of this labyrinthian tangle is Enbridge rival Kinder Morgan Canada's proposed Trans Mountain pipeline. The National Energy Board issued a 533-page report last week, recommending on balance that the project proceed, with certain qualifications. Mr. Simpson says the report was denounced or ignored. Before the report was published, the Trudeau government announced the creation of a three-person group to consult aboriginals (again) and report findings to the government. Mr. Simpson says the Grits have created an additional layer of consultation and complexity. He says if every group must give "free, prior and informed consent," then no linear project such as a pipeline that crosses many claimed aboriginal territories will ever succeed. B.C. might just as well erect a "Closed for business" sign for these sorts of industries.

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