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Enbridge Inc
Symbol ENB
Shares Issued 1,695,000,042
Close 2018-04-19 C$ 40.49
Market Cap C$ 68,630,551,701
Recent Sedar Documents

FP says Kinder, others fret over Alberta's Bill 12

2018-04-20 08:11 ET - In the News

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

The Financial Post reports in its Friday, April 20, edition that in the wrong hands, Alberta's new law to cut off oil shipments to British Columbia could be "very dangerous" even if the powers help in the fight over Kinder Morgan Canada's Trans Mountain pipeline expansion in the short term. The Post's Geoffrey Morgan writes that while Alberta's Bill 12, called Preserving Canada's Economic Prosperity Act, is aimed at the B.C. government for obstructing the construction of Kinder's Trans Mountain pipeline expansion, fears are growing in the oil patch over the sweeping powers contained within the law. Canadian Energy Pipelines Association chief executive officer Chris Bloomer says, "All of these interventions could create unintended consequences down the road." Mr. Bloomer's group represents Canadian pipeline operators, including Kinder, which announced Wednesday that Alberta's and Ottawa's efforts to provide financial assurance for the project solved only half of the problem currently facing the Trans Mountain project. Prime Minister Justin Trudeau has said legislation is coming to provide a clear path forward for Kinder, and Alberta Premier Rachel Notley has introduced Bill 12 to ramp up pressure on B.C.

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