22:16:40 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,125,586,366
Close 2024-03-13 C$ 48.67
Market Cap C$ 103,452,288,433
Recent Sedar Documents

Globe/CP say full Scope 3 disclosure sought at Enbridge

2024-03-14 07:31 ET - In the News

The Globe and Mail reports in its Thursday edition that Enbridge is urging shareholders to vote against a proposal put forward by Investors For Paris to disclose the climate impact of its pipeline business at the upcoming annual meeting. A Canadian Press dispatch to The Globe reports that the proposal urges Enbridge to disclose the end-use emissions or "Scope 3" emissions resulting from the oil and natural gas transported through its pipelines. The proposal states, "If a company's financial viability is dependent on Scope 3 emissions being released -- as is the case with Enbridge -- then it is critical that investors have a full and complete picture of these emissions." The term "Scope 3" refers to emissions that a company is indirectly responsible for, such as the greenhouse gases generated when a customer uses the company's product. Enbridge itself currently discloses the Scope 3 emissions produced by its natural gas utility business, by tallying the emissions generated when customers burn natural gas to heat their homes. However, it does not provide an accounting of the end use of the fossil fuel products it transports in its pipeline business. Scope 3 emissions are a growing focus for shareholder proposals.

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