Enbridge Inc T.ENB

Line 5 tunnel delays

[autofocus111]

Unreal. Now it's going to be 6 years or maybe even longer from the time the application was made until construction can proceed. Maybe ENB can sue the relevant agencies for dereliction of duty and recovery of any costs for environmental remediation if a spill does occur in the interim

>>>The U.S. Army Corps of Engineers (USACE) said Thursday it now expects to complete its draft environmental impact statement for Enbridge's Line 5 tunnel permit application in spring 2025, rather than late 2023 as earlier indicated. In an emailed statement, Enbridge spokesman Ryan Duffy said the USACE's decision to extend the permitting process further delays the replacement of the dual pipelines in Michigan's Straits of Mackinac, and will essentially push the start of construction until at least 2026.... He added Enbridge first submitted its application for the Great Lakes tunnel project in April 2020.  "As such, the USACE is estimating it will need six years to review and issue a decision for the project," Duffy said.

https://www.bnnbloomberg.ca/enbridge-disappointed-as-environmental-review-for-line-5-tunnel-extended-1.1899657

[FiddyFiddyShot]

This post has been removed in accordance with Community Policy

[autofocus111]

Freedomfiddy Well I see alot more drama going on in bank stonks these days.

[FiddyFiddyShot]

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[silkos]

Well one has to read between the lines. This is a political decision and NOT in ENB favour.