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Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-06-08 C$ 54.02
Market Cap C$ 50,190,682,801
Recent Sedar Documents

Globe says CN has rail line to ship crude to Pacific

2016-06-09 05:28 ET - In the News

See In the News (C-CNR) Canadian National Railway Company

The Globe and Mail reports in its Thursday, June 9, edition that the toughest nut to crack for Canada has been finding a way for Alberta crude to reach the Pacific Ocean. The Globe's guest columnist Gordon Gibson writes that the current idea is a tripling of the capacity of the 60-year-old Kinder Morgan pipeline. The political problem here is that the pipeline ends up in Burnaby, B.C., near the head of Burrard Inlet. Large tankers have to transit two tidal narrows to get from there to the open sea. The people of Greater Vancouver have been convinced that extra traffic is a terrible risk. Mr. Gibson says the solution is to transport bitumen by an existing Canadian National Railway line from Alberta to the ports of Prince Rupert and Kitimat in northwestern B.C. Unheated, bitumen is like peanut butter. It is safe in case of derailment. When the bitumen arrives at the coast, the cars are heated and the substance pumped into a refinery and converted into gasoline and diesel. These products are then put into tankers and sent out to sea. In the event of a tanker accident the contents evaporate, unlike messy crude. There are two respectable refinery proposals already in play.

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