18:55:09 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,227,712
Close 2016-07-19 C$ 54.58
Market Cap C$ 50,717,248,521
Recent Sedar Documents

Globe/wire say Enbridge rival Kinder making headway

2016-07-20 06:34 ET - In the News

The Globe and Mail reports in its Wednesday, July 20, edition that Energy Minister Bill Bennett says Kinder Morgan is "a lot closer" to meeting British Columbia's conditions for the company's Trans Mountain crude oil pipeline expansion. A Bloomberg dispatch to The Globe reports that Mr. Bennett says: "They're working very hard. And frankly, they're going to get there." Kinder Morgan in May won approval from the National Energy Board to expand the Trans Mountain line, subject to 157 conditions. The final nod for the oil conduit now rests with Prime Minister Justin Trudeau, whose government has said it will make a decision by the end of the year. B.C. Premier Christy Clark has said oil pipelines, including Trans Mountain, must satisfy conditions such as providing the province with economic benefits, a vigorous spill-response plan and addressing aboriginal rights. Local and provincial government opposition to Enbridge's Northern Gateway line has hampered its ability to make a final investment decision. Kinder Morgan plans to almost triple Trans Mountain's capacity to 890,000 barrels a day. The system is the only pipeline from Alberta to the Pacific coast.

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