05:06:32 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,638,650,944
Close 2017-05-29 C$ 52.42
Market Cap C$ 85,898,082,484
Recent Sedar Documents

Globe says Enbridge rival Kinder Morgan faces new risks

2017-05-30 07:55 ET - In the News

The Globe and Mail reports in its Tuesday edition that Enbridge rival Kinder Morgan is facing new challenges to its proposed Trans Mountain expansion as New Democratic Party and Green Party leaders reached a deal to form a government in British Columbia. The Globe's Shawn McCarthy and Jeff Lewis write that the NDP and the Green Party oppose the project, although it is not clear what levers they can pull to fulfill their pledge to block it. While the leaders offered no details until the deal is put to the NDP caucus for approval on Tuesday, Green Party leader Andrew Weaver suggested the two sides have agreed to a common approach. The political threat to the Trans Mountain expansion comes as first nations in British Columbia stepped up their attack on the Kinder Morgan project by issuing a warning to investors that the company's Canadian shareholders face major risks as a result of Indigenous legal challenges to the pipeline project. A legal brief prepared by the coastal Tsleil-Waututh First Nation and the West Coast Environmental Law association says, "The leading jurisprudence suggests that the [expansion] project will not get built, and certainly [not] on the schedule that Kinder Morgan is suggesting."

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