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Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,112,973
Close 2016-06-21 C$ 54.22
Market Cap C$ 50,376,505,396
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Globe/CP say Enbridge boosts spill contingencies

2016-06-22 06:28 ET - In the News

The Globe and Mail reports in its Wednesday, June 22, edition that Enbridge, which owns twin underwater oil pipelines in the area where Lake Huron and Lake Michigan meet, says it is spending $7-million over the next two years on equipment that could be deployed quickly in the event of a spill (all figures U.S.). A Canadian Press dispatch to The Globe reports that Enbridge says the nearly eight kilometres of pipelines that cross the Straits of Mackinac between Michigan's two peninsulas have never leaked and are safe. However, senior emergency manager Stephen Lloyd says just in case, Enbridge is ordering additional containment and skimming devices that could suck up oil in open water before it reaches sensitive shorelines. Environmental groups say the 63-year-old pipes pose too great a risk and should be shut down. They carry nearly 83 million litres daily to Canadian refineries. Enbridge said in May it expects $62-million in fines and penalties related to an oil spill near Marshall, Mich., in 2010 when about 20,000 barrels of oil spilled into the Kalamazoo River system. In a securities filing Enbridge said $55-million represents penalties under federal water law in the United States.

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