13:48:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,695,000,042
Close 2018-02-09 C$ 42.79
Market Cap C$ 72,529,051,797
Recent Sedar Documents

Globe says for Kinder, rivals fed plan has its hurdles

2018-02-09 08:09 ET - In the News

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

The Globe and Mail reports in its Friday, Feb. 9, edition that Federal Environment Minister Catherine McKenna announced Thursday a plan to overhaul the way Ottawa reviews major energy and resource projects. A Globe editorial says implementing the new legislation in a country that cannot even expand an existing pipeline without losing its mind, it will be incredibly hard. The spectacle that Ottawa's approval of the Kinder Morgan Canada Trans Mountain pipeline has created is indicative of the obstacles the government faces. The British Columbia government has suddenly developed a desire for more environmental studies that would delay the expansion, the Alberta government has retaliated by boycotting B.C. wine, lawsuits against the project are piling up, and Kinder shareholders may be wondering if it is all worth the trouble. Ottawa has always sought the sensible middle ground when dealing with controversial projects. The polarization behind the Kinder fiasco is the reality we face. Ottawa's proposed overhaul dutifully identifies science, evidence and compromise as the way forward. However, what good are those things in a fractious country unable to agree on what its best interests actually are?

© 2024 Canjex Publishing Ltd. All rights reserved.