07:54:26 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,125,574,098
Close 2023-09-11 C$ 45.79
Market Cap C$ 97,330,037,947
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Globe says CEO Ebel diversifying Enbridge's assets

2023-09-11 08:05 ET - In the News

The Globe and Mail reports in its Saturday, Sept. 9, edition that Greg Ebel, 59, became chief executive officer of Enbridge earlier this year, replacing CEO Al Monaco. The Globe's Andrew Willis and Emma Graney write that Mr. Ebel is now taking a company that had focused on doing one thing -- pumping oil across the continent -- and turning it into an energy infrastructure giant that operates in multiple sectors. Last week Mr. Ebel repositioned Enbridge as North America's largest natural-gas distributor by spending $9.4-billion (U.S.) to acquire three U.S. gas utilities. If the deal closes as expected next year, Enbridge will move 20 per cent of all the natural gas consumed in the U.S. Mr. Ebel regularly says Canada needs to take full advantage of its abundant supply of natural gas by attracting more investment. He has, however, said the country can do that only by fixing a regulatory system that impedes action, slows development and erodes investor confidence. At the LNG 2023 conference in Vancouver in July Mr. Ebel said: "The Germans, Japanese and South Koreans came to Canada looking for more energy, and we've turned them away. What message does that send to our allies, trading partners and the developing world?"

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