22:54:52 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,022,659,525
Close 2023-08-04 C$ 48.08
Market Cap C$ 97,249,469,962
Recent Sedar Documents

Globe says Enbridge, others hear moratorium not needed

2023-08-08 07:46 ET - In the News

Also In the News (C-CPX) Capital Power Corp
Also In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Saturday, Aug. 5, edition that Alberta has imposed a seven-month moratorium on new renewable energy projects, to the dismay of many. The Globe's guest columnist Alex Simakov writes that Alberta must pursue every opportunity to lift the moratorium ahead of schedule. The often-cited notion of adverse competition pitting renewables against agriculture is mistaken. Rather, farmers are the foremost beneficiaries of the sector. A seven-month pause is not needed. This is a critical moment in the global renewables industry. Faced with rising interest rates, stretched supply chains and fierce international competition for investment, developers are favouring jurisdictions with fair and predictable regulatory environments. As the Alberta government knows all too well from its advocacy for the oil and gas sector, arbitrary interventions in these markets can leave long-lasting damage to investor confidence. The ministry must move quickly in working with the sector to develop appropriate solutions to these manageable problems and recognize the opportunity to work concurrently in reforming the market without putting a freeze on investment and job creation.

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