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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

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 ckwongon Nov 09, 2021 2:51pm
769 Views
Post# 34106127

White House: U.S. is not considering shutting down Line 5

White House: U.S. is not considering shutting down Line 5White House: U.S. is not considering shutting down Enbridge's Line 5 pipeline

White House: U.S. is not considering shutting down Enbridge's Line 5 pipeline



WASHINGTON, Nov 9 (Reuters) - The White House said on Tuesday it is not contemplating shutting down Enbridge Inc's (ENB.TO) Line 5 pipeline after Canada last month invoked a 1977 treaty with the United States to trigger bilateral negotiations over it.

Line 5 is at the center of a long-running environmental dispute between Calgary-based Enbridge and the state of Michigan that has embroiled the Canadian and U.S. governments.

"We expect that both the U.S. and Canada will engage constructively in those negotiations," White House spokesperson Karine Jean-Pierre told reporters.

She said those discussions should not be viewed as an indicator that the U.S. government was considering shutting down the pipeline.

"That is something that we're not going to do," she said.

The Line 5 pipeline ships 540,000 barrels per day of crude and refined products between Superior, Wisconsin, and Sarnia, Ontario, via Michigan, and is a key link in Enbridge's Mainline network, which transports the bulk of Canadian crude exports to the United States.

Michigan Governor Gretchen Whitmer ordered Enbridge to stop operating the pipeline by May because of concerns a section running underwater in the Straits of Mackinac could leak into the Great Lakes. The company ignored that order and the two sides are embroiled in a legal battle over Line 5's fate.

Last month the Canadian government, which backs Enbridge, escalated the dispute by invoking the decades-old pipeline treaty with the United States to trigger negotiations.

Reporting by Trevor Hunnicutt, Jeff Mason and Nia Williams Editing by Chris Reese and Mark Potter

 

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