11:30:11 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,704,602,546
Close 2018-06-12 C$ 42.26
Market Cap C$ 72,036,503,594
Recent Sedar Documents

Van Sun/wire say CAPP exhumes Enbridge's N. Gateway

2018-06-13 09:13 ET - In the News

The Vancouver Sun reports in its Wednesday edition that with President Donald Trump roiling the American relationship with its neighbour to the north, the Canadian oil industry's lobbyists are floating ideas for reducing the country's dependence on the United States. A Bloomberg dispatch to The Sun says that one possibility is reviving Enbridge's Northern Gateway pipeline proposal, according to Tim McMillan at the Canadian Association of Petroleum Producers (CAPP). Currently, all but one of Canada's oil pipelines run to the U.S., and gaining the ability to ship crude off the northern Pacific coast to Asia is "crucially important," Mr. McMillan said. "Today Canada only has one customer for our crude oil, and growing markets around the world want Canadian product, so there's a natural incentive for us to build to new markets." The Northern Gateway pipeline was rejected in 2016 by Prime Minister Justin Trudeau, who said the project was not in the best interest of the indigenous communities along its route from Edmonton to Kitimat, B.C. In light of Trump's recent imposition of tariffs on Canadian metals and his personal attacks on Mr. Trudeau, the government should consider revisiting the proposal, Mr. McMillan said.

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