17:07:28 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,024,926,494
Close 2023-05-17 C$ 50.00
Market Cap C$ 101,246,324,700
Recent Sedar Documents

Globe/CP say Enbridge argues in favour of Line 5

2023-05-18 07:30 ET - In the News

The Globe and Mail reports in its Thursday edition that there is no "imminent threat" of Line 5 spilling crude oil in Wisconsin, Enbridge lawyers say on the eve of a hearing that could see the pipeline shut down. A Canadian Press dispatch to The Globe reports that the stage is set for oral arguments Thursday in the state capital of Madison as a federal judge mulls whether to order the taps turned off and the pipeline's contents purged to forestall a watershed-fouling rupture. The Bad River Band of the Lake Superior Chippewa has filed a motion arguing that spring flooding along the riverbanks has rendered the risk of a breach too great to ignore. Nonsense, Enbridge argues back in a brief filed Tuesday that takes direct aim at the band's claims of a looming environmental emergency, as well as the "drastic remedy" its lawyers are requesting. Enbridge's brief says: "Despite having to prove both liability and grounds for an injunction, the band has done neither. The motion must therefore be denied." Even if the risk were high, shutting the pipeline would not be the appropriate remedy, Enbridge says, pointing to a court-ordered contingency plan that spells out the steps it would take if the threat were indeed urgent.

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