03:10:51 EST Sat 07 Feb 2026
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Enbridge Inc
Symbol ENB
Shares Issued 2,180,517,090
Close 2025-10-03 C$ 69.88
Market Cap C$ 152,374,534,249
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Globe says Cenovus chair endorses pipeline development

2025-10-06 07:08 ET - In the News

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

The Globe and Mail reports in its Saturday edition that Cenovus Energy chairman Alex Pourbaix acknowledges the high stakes as Canada revisits the contentious oil pipeline debate. The Globe's Jeffrey Jones writes that Alberta has announced plans for a West Coast pipeline, though details are sparse, and it lacks financial backing and a defined route. The proposal has already faced opposition from British Columbia's Premier and local first nations. Alberta Premier Danielle Smith warned that the initiative's success will be a test of Canada's unity. Mr. Pourbaix believes the effort to overcome regulatory gridlock causing costly project failures is worthwhile. With experience in the oil sands and pipeline industries, he acknowledges the challenges ahead, despite Ottawa's openness to new energy projects. He is co-leading an advisory group of industry, government, regulatory and indigenous leaders for the initiative. Alberta also enlisted Enbridge, South Bow and Trans Mountain for technical and regulatory expertise, though they are not financially supporting the effort. He said there is a lot of work ahead with indigenous communities and stakeholders. Mr. Pourbaix says he is eager to support this idea and help move it forward.

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