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Michigan threatens to go after Enbridge profits if company ignores Line 5 deadline
Enbridge Reports First Quarter 2021 Financial Results
Enbridge focused on strengthening balance sheet, raising dividend - CEO
Enbridge Inc. is an energy infrastructure company with business platforms that include a network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. It operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of pipelines and related terminals that transport 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, including US Gas Transmission, and Canadian Gas Transmission and Midstream. Gas Distribution consists of its natural gas utility operations. Green Power and Transmission consists of investments in renewable energy assets and transmission facilities. The Energy Services businesses undertake physical commodity marketing activity and logistical services.
Natural Gas Utilities
Suite 200, 425 - 1 Street S.W.
Gregory L. Ebel
Independent Non-Executive Chairman of the Board
President, Chief Executive Officer, Director
Colin Kenneth Gruending
Chief Financial Officer, Executive Vice President
Robert R. Rooney
Executive Vice President, Chief Legal Officer
William Turner Yardley
Executive Vice President, President - Gas Transmission and Midstream
Price To Earnings (TTM)
Price To Sales (TTM)
Price To Book (MRQ)
Price To Cash Flow (TTM)
Total Debt To Equity (MRQ)
LT Debt To Equity (MRQ)
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Canadian pipeline company Enbridge Inc is squaring off for a legal battle with Michigan and courting protests from environmental groups, betting it can ignore the U.S. state's Wednesday deadline to shut its oil pipeline that runs under the Straits of Mackinac.
Canada's Enbridge Inc will continue to operate its Line 5 despite an order from the U.S. state of Michigan to shut down the crude oil pipeline next week, Chief Executive Al Monaco said on Friday.
Canada's Enbridge Inc said on Friday quarterly profit rose sequentially as the pipeline operator benefited from a steady recovery in oil prices and energy demand.
A state of Michigan regulator said on Wednesday it will consider the impact of climate-warming greenhouse gas emissions when deciding whether Enbridge Inc can build an underwater tunnel to rehouse a four-mile (6-km) section of its Line 5 oil pipeline.
Canadian lawmakers on Thursday urged the leaders of the United States and Canada to take further steps to resolve a dispute between Enbridge Inc and the state of Michigan over the cross-border Line 5 oil pipeline.
Enbridge Inc asked the Canadian government on Tuesday to champion its Line 5 oil pipeline in a legal battle with the state of Michigan, which is trying to shut down the pipeline over concerns it could leak into the Great Lakes.
Canada will take whatever measures are needed to keep the Line 5 oil pipeline open, Natural Resources Minister Seamus O'Regan said on Thursday, as the deadline for a shutdown order from the U.S. state of Michigan looms.
The energy industry wants policy makers to remember that natural gas can and should be part of the solution in solving climate change, executives said at a conference on Tuesday.
A federal judge in Grand Rapids, Michigan, on Thursday ruled that she will first consider whether a lawsuit by the state to revoke an easement under which Enbridge Inc operates Line 5 belongs in state court, where the case was originally filed, before considering the company's...
Enbridge Inc on Friday forecast higher costs for its long-contested Line 3 pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons.
Enbridge Inc on Friday forecast higher costs for its long-contested pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons.
Canada's main stock index opened lower on Friday, dragged down by cannabis companies while a handful of dismal corporate earnings from Enbridge Inc and CAE Inc further dented sentiment.
Enbridge Inc on Friday reported a 79% jump in fourth-quarter profit, as the pipeline operator shipped higher volumes of crude on its liquids system on the back of a price recovery. Net income attributable to common shareholders rose to C$1.78 billion, or 88 Canadian cents...
A federal judge in Washington D.C. has denied a bid by tribal and environmental groups to halt the construction of Enbridge Inc's Line 3 crude oil pipeline replacement project in northern Minnesota, the second time in two weeks the groups failed to freeze the ongoing construction...
Indigenous and environmental groups have failed to freeze the ongoing construction of Enbridge Inc's Line 3 crude oil pipeline replacement project in northern Minnesota after a state appellate court ruled that state regulators did not abuse their discretion by allowing the...
Michigan's environment department on Friday approved some of the permits needed for Canadian company Enbridge Inc to build a tunnel to house its disputed oil pipeline under the Straits of Mackinac.
A Minnesota conservation group on Thursday sued the Army Corps of Engineers in federal court in Washington D.C., accusing it of unlawfully permitting the construction of Enbridge Inc's Line 3 crude pipeline replacement project.
Canadian pipeline company Enbridge Inc has said it will not comply with Michigan Governor Gretchen Whitmer's notice ordering it to shut down its Line 5 in May after terminating the easement for the oil and natural gas dual pipeline in the Straits of Mackinac in northern...
Canadian pipeline operator Enbridge Inc on Tuesday forecast higher core earnings in 2021 and raised its annual dividend, saying it expects to see volume on its Liquids Mainline System improve next year.
Canadian pipeline operator Enbridge Inc on Tuesday forecast higher core earnings in 2021 and raised its quarterly dividend by 3%.
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