03:44:12 EDT Thu 25 Apr 2024
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or Name
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Enbridge Inc
Symbol ENB
Shares Issued 1,715,504,400
Close 2018-09-19 C$ 44.74
Market Cap C$ 76,751,666,856
Recent Sedar Documents

FP says Kinder, rivals see unions win in pipe shuffle

2018-09-19 09:24 ET - In the News

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

The Financial Post reports in its Wednesday edition that if and when construction begins on the Trans Mountain pipeline expansion, one of the biggest winners could be organized labour, thanks to a decision to increase the amount of work given to unionized companies revealed just before the federal government took possession of the project. The Post's Jesse Snyder writes that though the government announced in May it would pay $4.5-billion to buy the pipeline and licences for the expansion, the deal did not close until Aug. 31. On Aug. 22, Kinder Morgan, then still the owner, released an updated list of contractors hired to work on the project. Two firms -- Midwest Pipelines and Ledcor Group -- had their share of the project reduced in favour of a unionized consortium, SA Energy Group. "Obviously, it's good news for the companies and for our association," said Wayne Hodgins, the executive director-designate of the Pipeline Contractors Association of Canada, of which SA Energy Group is a part. Ledcor said in a written statement it "looks forward to working with our business partners" on Trans Mountain. Unnamed labour representatives say the decision appears to have marked a departure for Kinder Morgan.

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