20:53:29 EDT Wed 24 Apr 2024
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Enbridge Inc
Symbol ENB
Shares Issued 939,017,499
Close 2017-01-11 C$ 56.85
Market Cap C$ 53,383,144,818
Recent Sedar Documents

Globe says Enbridge sees B.C. okay Trans Mountain

2017-01-12 08:55 ET - In the News

The Globe and Mail reports in its Thursday, Jan. 12, edition that B.C. Premier Christy Clark's government has reached a financial deal with Kinder Morgan worth as much as $1-billion over the next two decades. The Globe's Justine Hunter writes that the deal satisfies Ms. Clark's demands that British Columbia get a fair share of the economic benefits from the expansion of the pipeline. It has been almost five years since Ms. Clark announced that any heavy oil project in B.C. would have to meet five conditions to win her approval. With what she described as an "unprecedented" revenue-sharing agreement, B.C. on Wednesday formally gave its blessing to the $6.8-billion project that will triple the capacity of Kinder Morgan's existing pipeline. "The project has met the five conditions," the Premier said after releasing details of the deal with Kinder Morgan. She noted the deal took more than four years to negotiate. The federal Liberal government gave its nod to the pipeline expansion in November, with 157 conditions to be met by Kinder Morgan. At that time, B.C. had not completed its environmental assessment review, which was forced by the courts but could not have derailed the project.

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