21:23:48 EDT Tue 07 May 2024
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Enbridge Inc
Symbol ENB
Shares Issued 2,022,659,525
Close 2023-08-09 C$ 48.97
Market Cap C$ 99,049,636,939
Recent Sedar Documents

Globe says Cenovus, others hear call for reassurance

2023-08-09 07:35 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Wednesday, Aug. 9, edition that the Alberta government should reassure the renewable energy sector that the pause it has placed on approvals for wind and solar projects is a short-term measure, the federal Energy and Natural Resources Minister says, citing the need to avoid creating uncertainty and driving away investment. The Globe's Emma Graney writes that Alberta announced the seven-month pause last week, blind siding the billion-dollar renewable energy industry and grinding it to a halt so the province can examine end-of-life rules, where infrastructure can be built and other concerns. On Saturday, Alberta Premier Danielle Smith said Ottawa is one of the reasons why her province placed the moratorium on approving new wind and solar power projects. On her provincewide radio call-in program, Ms. Smith argued that the federal government is preventing development of backup generation for renewable energy such as natural gas. The federal government has set a 2035 goal for electricity grids across Canada to become zero-emitting. Ms. Smith and Saskatchewan Premier Scott Moe have both rejected the federal 2035 target, branding it too expensive and impractical.

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