10:03:52 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,227,712
Close 2016-07-20 C$ 53.55
Market Cap C$ 49,760,143,978
Recent Sedar Documents

Globe/wire say Enbridge to pay $177M (U.S.) for spills

2016-07-21 06:54 ET - In the News

The Globe and Mail reports in its Thursday edition that Enbridge will spend $172-million paying fines and boosting safety across its pipeline operations in a deal with the United States Justice Department resolving Clean Water Act violations connected to its 2010 oil spill near Marshall, Mich. (all figures U.S.). A Bloomberg dispatch to The Globe reports that Wednesday's settlement agreement resolves the biggest legal questions over the failure of Enbridge's Line 6B. The incident became one of the largest inland spills in U.S. history. Enbridge agreed to pay $62-million for violating the Clean Water Act, the largest fine for a U.S. pipeline spill ever under that law. The company also will spend at least $110-million taking steps to improve operations and prevent spills across its Lakehead pipeline system spanning 2,000 miles near the Great Lakes. Enbridge is required under the deal to replace nearly 300 miles of one of the pipelines, and is agreeing to pay over $5.4-million to reimburse the government for cleanup costs. The penalties for Enbridge come on top of other spill-related costs, including $4-million in natural-resource damages the company agreed to pay last year.

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