Enbridge Inc T.ENB

Alternate Symbol(s): ENB | T.ENB.PF.A | T.ENB.PF.C | T.ENB.PF.E | ENBOF | ENBFF | T.ENB.PF.G | EBBNF | T.ENB.PF.U | T.ENB.PF.V | EBGEF | T.ENB.PR.A | ENBGF | T.ENB.PR.B | EBRGF | T.ENB.PR.D | EBRZF | T.ENB.PR.F | T.ENB.PR.H | ENBHF | T.ENB.PR.J | ENBRF | T.ENB.PR.N | ENNPF | ENBMF | T.ENB.PR.P | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Energy Oil & Gas Midstream

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.

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Enbridge Inc > Back to Business

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Comment by Quintessential1on Jan 02, 2021 8:06am

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Post# 32208923

RE:Back to Business

Enbridge is trying to reduce CO2 output? Why? It couldn't be that they believe in the phony science? I for one applaud their efforts to environmentally and resposibly increase their, my and our profits.
"One of things they highlighted was to to move to reducing their energy bills to power their pipelines and to do so in a manner which would reduce their emissions of carbon."

Fantome wrote: ENB spends approximately a billion dollars a year to power its pipelines. On their Investor Day they stated clearly that after Line 3 and 5 they were out of the business of mega projects and would be focussing on smaller projects where they can control things and can measure the benefits.

One of things they highlighted was to to move to reducing their energy bills to power their pipelines and to do so in a manner which would reduce their emissions of carbon.

Smart...as the old saying goes..."Killing two birds with one stone"...OMG...guess that was not PC in the current WOKE and CANCEL society we live in....hard to teach an old dog new tricks I guess..lol

That said..going forward this strategy..if implemented successfully will reduce their costs and increase their DCF to provide the basis to increase their dividends by investing their capital in low risk projects that require very little in regulatory approvals and projects which shorten the time for tthem to appear on the bottom line...