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Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 823,022,699
Close 2013-06-13 C$ 44.65
Market Cap C$ 36,747,963,510
Recent Sedar+ Documents

Globe says Enbridge rival Kinder Morgan springs a leak

2013-06-14 07:00 ET - In the News

The Globe and Mail reports in its Friday, June 14, edition that Kinder Morgan Canada's Trans Mountain oil pipeline has been shut off following the discovery of a crude oil spill in the British Columbia interior, near Kingsvale. The Globe's Jeffrey Jones writes that estimates peg the spill size at 12 barrels. The incident was reported late Wednesday afternoon. The National Energy Board said there were no immediate safety concerns. The Trans Mountain pipeline carries up to 300,000 barrels of oil a day from Edmonton to Burnaby, B.C., where it provides Alberta crude to refineries in B.C. and Washington, as well as to export markets via a marine terminal. Kinder did not say when it might reopen the pipeline. Such a spill volume is not large, but it creates poor optics for the industry. Enbridge's proposed Northern Gateway pipeline faces opposition from environmental groups, first nations communities and even the B.C. government, which fear environmental damage from oil spills on land and in coastal waters. Kinder, meanwhile, has plans to nearly triple the capacity of the 1,150-kilometre Trans Mountain system. It has said it aims to file a regulatory application later this year.

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