07:18:02 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,704,602,546
Close 2018-07-16 C$ 46.48
Market Cap C$ 79,229,926,338
Recent Sedar Documents

FP says Enbridge, others begin winding down green fund

2018-07-17 08:31 ET - In the News

The Financial Post reports in its Tuesday edition that Ontario's biggest natural gas distributors are halting activities related to the provincial carbon-pricing program dismantled by Premier Doug Ford, a move that could remove costs for both the companies and their customers. The Post's Geoff Zochodne writes that the Ontario Energy Board, which regulates the province's electricity and natural gas industries, issued an order on July 6 asking Enbridge Gas Distribution, Union Gas and Epcor Natural Gas LP to send a letter by Friday "confirming that they have ceased cap and trade activities." Both Enbridge Gas Distribution and Union Gas are owned by Enbridge. The order from the OEB followed Ontario's recently installed PC government announcing on July 3 that it had revoked the province's cap-and-trade regulation and that it would begin "an orderly wind-down" of the variety of green programs funded by the carbon-pricing system. The gas companies are registered participants in the cap-and-trade program. Businesses have been seeking answers ever since the Ford government decided to toss out Ontario's cap-and-trade system. Ontario had raised $2.9-billion from the cap-and-trade system's allowance auctions.

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