In the news-Stockwatch ENBThink gas is expensive now in Ontario?
Globe says Michigan snubbing talks on Enbridge's Line 5
2021-01-28 08:58 ET - In the News
The Financial Post reports in its Thursday edition that Ottawa continues to press U.S. officials to avoid the shutdown of a key pipeline supplying southern Ontario, marking another point of conflict in the energy relationship between the two countries after Keystone XL was scrapped last week. The Post's Jesse Snyder writes that officials in Michigan are looking to force the shutdown of Line 5, which carries 540,000 barrels of oil and other petroleum products each day from Superior, Wis., to refineries in Sarnia, Ont. If successful, Ottawa warns, the move would have a devastating impact on the Canadian economy, vaporizing thousands of jobs and cutting off a crucial supply of gasoline and jet fuel to Ontario and Quebec. In November, Michigan Governor Gretchen Whitmer said she would revoke a 1953 easement that allows Line 5 to cross the Straits of Mackinac, citing worries over potential oil spills. Enbridge was given until May 12 to shut down. Joe Comartin, the Canadian government's consul-general in Detroit, said the Michigan government has thus far resisted invitations to hold official discussions on the matter. He said, "There just doesn't seem to be any willingness on the part of the state to negotiate."
© 2021 Canjex Publishing Ltd. All rights reserved.