11:08:03 EDT Thu 25 Apr 2024
Enter Symbol
or Name
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Enbridge Inc
Symbol ENB
Shares Issued 1,638,650,944
Close 2017-06-07 C$ 52.83
Market Cap C$ 86,569,929,372
Recent Sedar Documents

Globe says TransCanada, Enbridge get new bosses in B.C.

2017-06-07 07:01 ET - In the News

See In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Wednesday edition that it is almost certain that British Columbia will be governed by a New Democratic Party-Green Party alliance following a provincial election in May. The Globe's Jeffrey Jones writes that Premier Christy Clark's Liberals had gone through a years-long process to make pipelines to ship Alberta's heavy crude oil to the West Coast as palatable as possible. Her government ended up removing its opposition to Kinder Morgan Inc.'s $7.4-billion Trans Mountain pipeline expansion, after wresting concessions that included beefed-up safety measures to protect coastal waters as well as $1-billion in payments to the province over 20 years. Alberta Premier Rachel Notley applauded the move, after she took big political risks by establishing a wide-reaching policy to limit carbon through taxes, limits on emissions from the oil sands and a deadline on coal-fired power. Now, says Mr. Jones, the deal may be off. As they look set for power, the BC NDP, led by John Horgan, and the BC Greens, headed by Andrew Weaver, have said that they will use whatever tools available to them to block the Trans Mountain expansion. Maybe that is the real art of the deal: Not living up to it.

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