07:08:30 EDT Fri 26 Apr 2024
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or Name
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CA



Enbridge Inc
Symbol ENB
Shares Issued 1,645,927,509
Close 2017-10-13 C$ 51.80
Market Cap C$ 85,259,044,966
Recent Sedar Documents

Globe/CP say Kinder, rivals hear NEB efforts panned

2017-10-16 08:07 ET - In the News

See In the News (C-KML) Kinder Morgan Canada Ltd

The Globe and Mail reports in its Saturday, Oct. 14, edition that Alberta Premier Rachel Notley says the federal government is being unfair in the way it assesses pipeline projects. A Canadian Press dispatch to The Globe reports that Ms. Notley's government, however, will not pursue a legal challenge for now to determine whether the National Energy Board overstepped its mandate in the case of the Energy East pipeline. Ms. Notley says instead she will focus on working with Prime Minister Justin Trudeau's government to advance two other projects that already have the green light: the Kinder Morgan's Trans Mountain expansion to the West Coast and Enbridge's Line 3 to the U.S. Midwest. Last week, TransCanada announced it would not pursue the Energy East line. It cited problems with an expanded NEB review process that now takes into account not just the environmental impact of getting the oil out of the ground, but also the impact the oil would have when it is transported and burned for fuel. Ms. Notley calls that expanded assessment "somewhat discriminatory" saying that automakers, for example, are not assessed on the environmental impact of car parts they ship by rail.

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