20:20:08 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,125,954,360
Close 2024-04-10 C$ 47.24
Market Cap C$ 100,430,083,966
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Globe/wire say Enbridge sees effort made to save Line 5

2024-04-11 08:00 ET - In the News

The Globe and Mail reports in its Thursday, April 11, edition that the Biden administration has requested a U.S. appeals court to instruct a lower court to reconsider its ruling that would compel Enbridge to empty specific areas of an oil pipeline that passes through tribal land of native Americans in Wisconsin. A Reuters dispatch to The Globe reports that the court filing was made public on Wednesday. In an amicus, or friend-of-court, brief dated April 8, the U.S. Department of Justice told the Chicago-based Seventh U.S. Circuit Court of Appeals that forcing Enbridge to drain portions of its Line 5 pipeline could interrupt service in violation of a 1977 treaty between the U.S. and Canada to keep oil flowing. The U.S., which is not a party to the case, said the lower court was right to find Enbridge is trespassing on the tribal land, but said the court should reconsider its decision ordering Enbridge to stop operating portions of the pipeline by 2026. Canada, which is also not a party to the case, had previously argued in an amicus brief that the pipeline should be kept open owing to the treaty. The 2019 lawsuit was filed against Enbridge by the native American tribe the Bad River Band of Lake Superior Chippewa.

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