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Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 823,022,699
Close 2013-05-10 C$ 47.47
Market Cap C$ 39,068,887,522
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Globe says Enbridge has Oliver on its side

2013-05-13 06:24 ET - In the News

The Globe and Mail reports in its Monday, May 13, edition that Canada's energy sector risks a lost decade unless companies are allowed to build new pipelines and pursue lucrative Asian markets, Natural Resources Minister Joe Oliver warns. The Globe's Brent Jang writes that Mr. Oliver says, "It's a critical strategic objective for our country to find new markets." While there are promising proposals for exports of liquefied natural gas from British Columbia, uncertainty lingers over how many years it will take to develop even one major LNG project. Mr. Oliver says: "There is enormous potential to open up an entirely new market in LNG. ... We must bring our resources to the markets and Asia will be huge in that regard." Heading into Tuesday's British Columbia general election, both the New Democratic Party and the Liberals say they generally support LNG projects. But the NDP in particular has expressed concerns about oil pipeline proposals, notably Enbridge's proposed Northern Gateway project and the planned expansion of the Trans Mountain system from Edmonton to the Vancouver suburb of Burnaby. Mr. Oliver says, "We're going to run out of pipeline capacity this decade."

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