10:28:46 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,022,660,553
Close 2023-08-23 C$ 46.60
Market Cap C$ 94,255,981,770
Recent Sedar Documents

Globe says Enbridge, others see red tape tie up greens

2023-08-24 08:25 ET - In the News

Also In the News (C-BEP) Brookfield Renewable Partners LP
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 Thursday edition that Alberta's utilities commission will continue to process applications for renewables projects as it completes a government-mandated review. The Globe's Emma Graney writes that the new applications -- and possibly those already in the pipeline -- will have to include a swath of extra information about issues such as agricultural land, viewscapes and reclamation security. The United Conservative Party government imposed a seven-month halt on application approvals for new wind and solar projects on Aug. 3. No industry groups nor companies affected by the freeze were consulted before the surprise announcement from Utilities and Affordability Minister Nathan Neudorf. The Globe says the commission has not yet said exactly what information will be required, which has done little to quell industry concerns. The new information requirements have added a layer of uncertainty for developers -- particularly those with existing projects. Renewables executives have warned that pausing approvals could cause billions of dollars in green investments to flow to the United States and Europe instead. The AUC has until March 29 to submit the results of its review to Mr. Neudorf.

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