23:44:24 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 938,633,994
Close 2016-12-07 C$ 55.82
Market Cap C$ 52,394,549,545
Recent Sedar Documents

FP says Enbridge, rivals hear Ottawa pipe veto panned

2016-12-08 09:43 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Financial Post reports in its Thursday edition that federal politicians should not be able to veto National Energy Board decisions on pipelines, says a Senate interim report looking at the approval process. The Post's Geoffrey Morgan writes that Senator Michael MacDonald said, "We believe the government's ability to overrule the NEB should be restricted." He is the deputy chairman of the Senate Standing Committee on Transport and Communications, which has been preparing a report on how to improve Canada's regulatory process for pipelines. The committee made seven recommendations on "how the government can restore legitimacy to the pipeline approval process." A review of the NEB's processes and mandate is already happening following Natural Resources Minister Jim Carr's appointment of a review panel last month. The report's recommendations include appointing a permanent indigenous member to the NEB, enhancing the Canadian Coast Guard and removing the federal cabinet's final approval of pipeline projects. Mr. MacDonald said, "Evidence, not politics, should dictate how we proceed with pipeline expansion, so we recommend removing the government in council's final approval of pipeline projects."

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