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Enbridge Inc
Symbol ENB
Shares Issued 939,017,499
Close 2017-01-13 C$ 56.83
Market Cap C$ 53,364,364,468
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Globe says Enbridge sees Clark score a win with Kinder

2017-01-16 08:35 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 14, edition that last week, B.C. Premier Christy Clark once again proved her doubters wrong, announcing a deal with Enbridge rival Kinder Morgan that will see the province collect as much as $1-billion over the next 20 years. The Globe's Gary Mason writes that Ms. Clark was beaming as she disclosed details of the pact. It was the kind of deal, according to Mr. Mason, of which Donald Trump would be proud. There is no precedent for this. Kinder Morgan could have accused B.C. of extortion and walked away -- which would have infuriated Alberta, and possibly Ottawa, and increased pressure on Ms. Clark to back off in the name of national unity. However, it did not. Ultimately, it made more sense for Kinder to throw some money on the table rather than trying to fight the edict via the courts or through diplomatic back channels. Regardless, this gives Ms. Clark a huge win. Although the Premier has said it is not her job to champion the pipeline, her government's approval of it makes it as much her project as the federal government's. Attempting to distance herself from it will be impossible -- the provincial NDP will make sure of that.

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