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or Name
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Enbridge Inc
Symbol ENB
Shares Issued 939,017,499
Close 2017-01-06 C$ 57.70
Market Cap C$ 54,181,309,692
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Globe/AP say Enbridge delays Dakota deal after protest

2017-01-09 08:01 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 7, edition that Enbridge has delayed its proposed $1.5-billion (U.S.) acquisition of a major interest in the controversial Dakota Access pipeline, as it encounters new indigenous opposition to its own pipeline operations in the northern United States and Canada. An Associated Press dispatch to The Globe reports that last month, the U.S. Army Corps of Engineers denied an easement to allow the current pipeline owner to cross the Missouri River near the Standing Rock Sioux reservation where indigenous activists and their supporters have encamped in opposition to the project. Since then, Enbridge has extended the deadline for completing its transaction with Energy Transfer Partners LP to March 31. While it will not comment on reasons for the delay, Enbridge is awaiting clarity on whether the Dakota Access project can be quickly completed after Donald Trump becomes U.S. president in two weeks. Enbridge spokesman Suzanne Wilton says, "There is a termination option in the agreement if certain conditions aren't met and this termination option has been extended to March 31, 2017," after which either party could cancel the deal.

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