21:57:41 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 929,227,712
Close 2016-08-18 C$ 54.02
Market Cap C$ 50,196,881,002
Recent Sedar Documents

Globe/wires say Enbridge sees Dakota Access work halted

2016-08-19 08:31 ET - In the News

The Globe and Mail reports in its Friday, Aug. 19, edition that developers have halted work on part of a major pipeline project in North Dakota that Enbridge recently announced it would spend $1.5-billion to buy into (all figures U.S.). Dispatches from Canadian Press and Associated Press to The Globe report that the $3.7-billion Dakota Access pipeline is set to run through four states, and has faced protests and opposition over concerns about environmental impacts. The Standing Rock Sioux Tribe in southern North Dakota sued federal regulators last month for approving the pipeline, arguing it would affect drinking water and disturb sacred sites. Dallas-based Energy Transfer Partners said Thursday it will stop work near the reservation until a temporary injunction hearing next week, but that work continues in other parts of the state. Enbridge, through its affiliate Enbridge Energy Partners, announced on Aug. 2 that it would acquire a 27.6-per-cent indirect interest in the Bakken pipeline system that includes the Dakota Access pipeline. The 1,886-kilometre Dakota Access pipeline is designed to carry 470,000 barrels of oil a day from production fields in North Dakota to Patoka, Ill.

© 2024 Canjex Publishing Ltd. All rights reserved.