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Enbridge Inc T.ENB

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

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

Comment by autofocus111on May 11, 2021 1:20am
522 Views
Post# 33171528

RE:CEA to release Line 5 shutdown report

RE:CEA to release Line 5 shutdown reportAnd here is conclusion from said report

>>>CONCLUSION Enbridge Line 5 ships as many as 540,000 barrels a day of oil and natural gas liquids and serves as a key energy provider in Michigan and other Midwestern states, as well as the Canadian province of Ontario. As discussed above, its shutdown would be extremely disruptive to many industries and would likely result in higher prices for gasoline, diesel, jet fuel, and propane for consumers and businesses in the region. International airports in Detroit and Toronto would have to turn to alternate suppliers for fuel, incurring higher transportation costs that would be delivered by rail or tanker truck. The Midwest’s large farm sector would also face higher costs for fuel and petrochemical products critical to the food supply chain. In addition to higher fuel prices, job losses, and reduced state and local tax receipts, closure of Line 5 would have serious consequences for U.S.-Canadian relations. The Canadian government is already unhappy about the decision by President Joe Biden to cancel TC Energy’s Keystone XL pipeline, which would have transported 800,000 barrels per day of crude oil from Alberta to refineries in Texas and the Midwest. Canadian Natural Resources Minister Seamus O’Regan has signaled that a shutdown of Enbridge Line 5 is “non-negotiable” for Canada. In addition, the closure of Line 5 would violate the 1977 Agreement between the Government Of Canada and the Government of the United States Of America Concerning Transit Pipelines signed by the Carter Administration. Governor Whitmer’s proposed shutdown of Enbridge Line 5 has little to do with safety and much to do with politics. Crude oil and natural gas liquids have crossed the Straits of Mackinac for 68 years without any leakage. What is more, in 2018 former Governor Rick Snyder signed legislation to create the Mackinac Straits Corridor Authority, and its board approved an agreement with Enbridge to build a $500 million utility tunnel under the Straits. The tunnel will be drilled up to 250 feet below the Straits and would house a 30-inch pipeline designed to fully contain any spill that might occur within it. Enbridge has already received state environmental permits for the project, and construction of the tunnel is expected to start this year, if federal permits are approved, with completion in 2024. In short, a shutdown of Enbridge Line 5 would be bad for the economy of the Midwest and bad for U.S.-Canadian relations. In addition, its closure would have no positive environmental benefits, such as lower greenhouse gas emissions, as refineries, chemical plants, and propane processors currently dependent on Line 5 will simply seek out higher cost suppliers of crude oil and natural gas liquids.


https://consumerenergyalliance.org/cms/wp-content/uploads/2021/05/CEA_LINE5_REPORT_2021_DIGITAL_FINAL.pdf
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