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Enbridge Inc
Symbol ENB
Shares Issued 2,023,849,251
Close 2019-09-18 C$ 46.73
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FP/wire say court rejects challenges to Enbridge Line 3

2019-09-18 09:37 ET - In the News

The Financial Post reports in its Wednesday edition that the Minnesota Supreme Court on Tuesday declined to hear environmental and tribal challenges to Enbridge's Line 3 oil pipeline, removing one potential obstacle for the already-delayed project. A Reuters dispatch to the Post reports that the ruling means the Minnesota Public Utilities Commission (MPUC), the state regulator that approved the Line 3 project last year, will not have to consider additional environmental issues. Line 3 is part of Enbridge's Mainline network that transports Western Canadian oil to Midwest refineries. The replacement project would double current capacity to 760,000 barrels per day, providing needed relief from congestion on existing Canadian pipelines. Pipelines carrying Canadian oil have for years fallen short of meeting demand due to delays of Line 3, the Canadian government-owned Trans Mountain and TC Energy's Keystone XL. Line 3 was meant to be in service by the end of this year but has been delayed until the second half of 2020 because of issues with permitting. The American Petroleum Institute welcomed the court's decision. API said the MPUC will now be able to move forward with Line 3's environmental impact statement.

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