RE:RE:Back to BusinessOr more realistically it's because trudeau is implementing a carbon tax of 566% over the next 10 years, and line 3 and line 5 is constantly bombarded by climate activists and politicians citing the climate armageddon as a reason to shut down enbridge's projects. Maybe it's because people like you spread the climate propaganda and enbridge gets cornered with no way out. What do you expect them to do?
Quintessential1 wrote: 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...