17:57:08 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-06-17 C$ 52.69
Market Cap C$ 48,954,962,547
Recent Sedar Documents

Globe/CP say Enbridge rival facing court challenge

2016-06-20 06:37 ET - In the News

The Globe and Mail reports in its Monday edition that a pair of environmental groups are asking the courts to quash a recommendation that Ottawa allow Enbridge rival Kinder Morgan's Trans Mountain pipeline expansion project to go ahead. A Canadian Press dispatch to The Globe reports that lawyers for the Living Oceans Society and the Raincoast Conservation Foundation have filed an application for judicial review of the National Energy Board's recommendation in Vancouver's Federal Court of Appeal, arguing it is unlawful. Documents filed in court Friday allege the NEB did not take into account the impact the $6.8-billion project would have on southern resident killer whales and their habitat. If successful, a judicial review would force the board to reconsider its recommendation that the project be approved by the federal cabinet. Kinder Morgan is proposing to twin its existing Trans Mountain pipeline. This would increase the amount of oil transported from Edmonton to Burnaby's Westbridge terminal from 300,000 barrels per day to 890,000 barrels per day, and increased tanker traffic through Burrard Inlet and the Strait of Georgia by nearly seven times, from 60 tankers per year to over 420.

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