01:42:42 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 863,600,633
Close 2015-11-16 C$ 49.44
Market Cap C$ 42,696,415,296
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Globe says Enbridge decision a setback for exports

2015-11-17 08:35 ET - In the News

The Globe and Mail reports in its Tuesday edition that the outgoing head of Royal Dutch Shell PLC's Canadian unit is urging the new federal government to firm up its stand on pipelines. The Globe's Jeff Lewis quotes Lorraine Mitchelmore as saying Justin Trudeau's Liberals should consider Canada's overall competitiveness as a global crude producer as they craft tougher rules around pipeline reviews. "Canada has to exist in a global marketplace, and so we have to think that way," Ms. Mitchelmore told The Globe. She urged the feds to act quickly with changes that balance environmental goals and economic imperatives. "It needs to figure it out soon. It needs to figure out its objective, and figure out what mechanisms we need to be able to compete globally," she said. Mr. Trudeau has committed to a tougher review of the Trans Mountain proposal, which would nearly triple capacity to Burnaby, B.C. He has also moved to formalize a ban on oil tanker traffic on B.C.'s north coast, effectively killing Enbridge's Northern Gateway pipeline. Ms. Mitchelmore would not comment specifically on that decision, saying only that the energy industry would struggle to compete without access to richer global markets.

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