Enbridge Inc T.ENB

Alternate Symbol(s): ENB | T.ENB.PF.A | ENBSF | T.ENB.PF.C | ENBOF | T.ENB.PF.E | ENBFF | T.ENB.PF.G | T.ENB.PF.U | EBBNF | EBGEF | T.ENB.PF.V | ENBGF | T.ENB.PR.A | EBRGF | T.ENB.PR.B | EBRZF | T.ENB.PR.D | T.ENB.PR.F | ENBHF | T.ENB.PR.H | ENBRF | T.ENB.PR.J | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | 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 Equipment & Services

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 > Imperial Oil making contingency plans for Line 5 shutdown

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Comment by Chad123on Feb 03, 2021 7:27am

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Post# 32456048

RE:Imperial Oil making contingency plans for Line 5 shutdown

Marner16 wrote:
The Globe and Mail - Emma Graney

Imperial Oil Ltd. is preparing contingency plans to transport its crude from Western Canada to refineries in Ontario should the Michigan government get its way and close down the Enbridge Inc. Line 5 pipeline under the Great Lakes. Those plans include moving the oil in ships on the lakes, through …
Smart move but not good news for ENB's fight with Gov. Whitmer.

Whitmer's team of lawyers will be pushing for Line 5 customers to use contingency plans.

I don't think the announcement changes anything as prices will go up as will risks.

Nonetheless, the announcement is not helpful in regards to a committed effort by ENB and its customers.

I have to wonder if Whitmer's team contacted Imperial Oil with a suggestion that a contingency plan could give Imperial Oil a competitive advantage over Suncor/Petro Canada in the Ontario and Quebec markets.....naw....a politician wouldn't think that way...shame on me.