03:38:09 EDT Tue 07 May 2024
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Enbridge Inc
Symbol ENB
Shares Issued 2,024,926,494
Close 2023-05-18 C$ 50.00
Market Cap C$ 101,246,324,700
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Globe/AP say judge lets Enbridge keep Line 5 open

2023-05-19 07:41 ET - In the News

The Globe and Mail reports in its Friday edition that a U.S. federal judge signalled Thursday he will not force Enbridge to shut down its Line 5 pipeline in Wisconsin. An Associated Press dispatch to The Globe reports that the Bad River Band of Lake Superior Chippewa asked U.S. District Judge William Conley last week to issue an emergency ruling forcing Enbridge to close Line 5 after large chunks of riverbank running alongside it were washed away. Justice Conley, however, voiced frustration with the tribe at Thursday's hearing for not allowing Enbridge to reinforce the land around the pipeline. Justice Conley said: "The band has not helped itself by refusing to take any steps to prevent a catastrophic failure at the meander. You haven't even allowed simple steps that would have prevented some of this erosion." The tribe says less than 4.6 metres of land now stands between the Bad River and Line 5 along a meander on the reservation. In some places, more than six metres of riverbank has eroded in the past month alone. Justice Conley said before testimony began that it might be necessary for him to order a shutdown at some point, but he was not convinced it was the only option left on Thursday.

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