Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 | 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

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.


TSX:ENB - Post by User

Post by silkoson Mar 29, 2021 3:00pm
464 Views
Post# 32899771

Calling the BS on L5 / MI plan

Calling the BS on L5 / MI planFull Article:

https://www.mackinac.org/gov-whitmers-inadequate-line-5-replacement-plan

Conclusion
 
The governor’s plan will increase costs, as well as the risk of accidents and spills associated with propane deliveries. Additionally, the plan to expand rail capacity in the U.P. will not address the lost jobs in refineries across the region — in Detroit, Toledo, Ontario and Quebec. This plan does not address the rising costs of gasoline and jet fuels in the region. It does not address the fact that Michigan will be viewed as an untrustworthy trading partner by business and elected officials in Canada and across the Midwest.
 
Gov. Whitmer has mandated that Enbridge cease shipments through the pipeline in just over two months. Even if the governor’s plan could actually lessen the damage imposed by her own restrictive energy policies, there is no way proposed spending for the 2022 budget could develop rail and storage capacity by the May 2021 shutdown date for Line 5. Northern Michigan residents will be forced to endure at least one full winter season before any of the planned rail and storage spending can even begin to take effect.
 
This latest plan from the Whitmer administration is clearly a rushed, bandaid solution to a problem that the governor has created herself. The Whitmer administration must take a step back from its dogged anti-Line 5 campaign and encourage the construction of the Line 5 tunnel. Doing this would have the twofold effect of quickly removing the pipeline from the Great Lakes while also maintaining essential energy infrastructure.

 


<< Previous
Bullboard Posts
Next >>