Latest news with #EnbridgeInc.
Calgary Herald
01-08-2025
- Business
- Calgary Herald
Despite pipeline talk, Enbridge, TC Energy see strong demand in U.S., hurdles in Canada
Article content Calgary pipeline giants Enbridge Inc. and TC Energy Corp. say they're seeing stronger customer demand in the United States, even as Canadian politicians push for nation-building infrastructure north of the border. Article content François Poirier, the chief executive of TC Energy, said the company's returns in the U.S. 'are meaningfully higher than in Canada,' which means it will focus on the much larger market, despite hopes for a pipeline project on its home turf. Article content Article content 'Canada gas has to compete for capital with the other business units in the company,' Poirier said this week during a conference call on quarterly earnings. Article content Article content 'We are going to be allocating capital predominantly in the U.S. until competitive projects in other jurisdictions present themselves that compel us to allocate capital elsewhere.' Article content For its part, Enbridge says federal energy policies are still standing in the way of a possible major new pipeline in Canada, while its customers are looking for relatively smaller and faster projects in the United States. Article content The pipeline operator, which was behind the ill-fated Northern Gateway project that would have taken Alberta oil to British Columbia's northern coast, said Friday policies such as a tanker ban are holding back investment. Article content 'We have been a proponent of such a project in the past and, in fact, invested several $100 million dollars to get there,' Enbridge CEO Greg Ebel told analysts in a conference call. Article content Article content 'So the issue is not one of there being a proponent. The issue is one of government policy setting the conditions for that to get investment to occur. Let's be honest, the government has not done that yet, and it's not clear they intend to, at least from our perspective.' Article content Article content The Carney government's recent Bill C-5 gives Ottawa the ability to fast-track infrastructure projects it deems vital for the national economy, but has yet to announce a list of projects. Article content In the absence of any action from the government, Ebel said any line to the west coast would effectively be a 'pipeline to nowhere.'
Edmonton Journal
01-08-2025
- Business
- Edmonton Journal
Despite pipeline hopes, Enbridge, TC Energy see strong demand in U.S., hurdles in Canada
Article content Calgary pipeline giants Enbridge Inc. and TC Energy Corp. say they're seeing stronger customer demand in the United States, even as Canadian politicians push for nation-building infrastructure north of the border. Article content François Poirier, the chief executive of TC Energy, said the company's returns in the U.S. 'are meaningfully higher than in Canada,' which means it will focus on the much larger market, despite hopes for a pipeline project on its home turf. Article content Article content 'Canada gas has to compete for capital with the other business units in the company,' Poirier said this week during a conference call on quarterly earnings. Article content Article content For its part, Enbridge says federal energy policies are still standing in the way of a possible major new pipeline in Canada, while its customers are looking for relatively smaller and faster projects in the United States. Article content 'We have been a proponent of such a project in the past and, in fact, invested several $100 million dollars to get there,' Enbridge CEO Greg Ebel told analysts in a conference call. Article content Article content 'So the issue is not one of there being a proponent. The issue is one of government policy setting the conditions for that to get investment to occur. Let's be honest, the government has not done that yet, and it's not clear they intend to, at least from our perspective.' Article content Article content The Carney government's recent Bill C-5 gives Ottawa the ability to fast-track infrastructure projects it deems vital for the national economy, but has yet to announce a list of projects.
Edmonton Journal
01-08-2025
- Business
- Edmonton Journal
Enbridge sees strong demand in U.S., hurdles in Canada
Article content Calgary pipeline giants Enbridge Inc. and TC Energy Corp. say they're seeing stronger customer demand in the United States, even as Canadian politicians push for nation-building infrastructure north of the border. Article content François Poirier, the chief executive of TC Energy, said its returns in the U.S. 'are meaningfully higher than in Canada,' which means it will focus on the much larger market, despite hopes for a pipeline project on its home turf. Article content Article content 'Canada gas has to compete for capital with the other business units in the company,' Poirier said this week during a conference call on quarterly earnings. Article content Article content For its part, Enbridge says federal energy policies are still standing in the way of a possible major new pipeline in Canada, while its customers are looking for relatively smaller and faster projects in the United States. Article content The pipeline operator, which was behind the ill-fated Northern Gateway project that would have taken Alberta oil to British Columbia's northern coast, said Friday policies such as a tanker ban are holding back investment. Article content 'The issue is one of government policy' Article content 'We have been a proponent of such a project in the past and, in fact, invested several $100 million dollars to get there,' Enbridge CEO Greg Ebel told analysts in a conference call. Article content Article content 'So the issue is not one of there being a proponent. The issue is one of government policy setting the conditions for that to get investment to occur. Let's be honest, the government has not done that yet, and it's not clear they intend to, at least from our perspective.' Article content Article content The Carney government's recent Bill C-5 gives Ottawa the ability to fast-track infrastructure projects it deems vital for the national economy, but has yet to announce a list of projects. Article content The controversial bill grants the government the authority to override existing laws, theoretically including the ban on oil tankers on the northwest coast of B.C., which would allow for export to Pacific markets.
Toronto Star
22-07-2025
- Business
- Toronto Star
Enbridge to build US$900M solar project to power Meta data operations in Texas
CALGARY - Enbridge Inc. is adding to its renewable energy portfolio with a US$900-million solar project in Texas that will supply the data centre operations of Meta Platforms Inc. The Calgary-based company, best known for its vast network of crude oil pipelines, said Tuesday that construction is underway on the 600-megawatt Clear Fork project near San Antonio.
Calgary Herald
30-06-2025
- Business
- Calgary Herald
Enbridge Line 5 pipeline dispute with Michigan goes to U.S. Supreme Court
Enbridge Inc.'s long-simmering dispute with the state of Michigan over an oil pipeline that runs under the Straits of Mackinac is headed for the U.S. Supreme Court after years of legal battles and the intervention of Canada's government. Article content The highest U.S. court agreed to hear a case concerning whether Michigan's efforts to shut down the so-called Line 5 oil pipeline belong in federal or state court. Enbridge wants the case heard by the federal court, arguing that the dispute deals with the foreign relations between Canada and the U.S. Canada has invoked a 1977 treaty to try and prevent Michigan from shutting the line, which supplies oil to refineries in Ontario and Quebec. Article content Article content Michigan Gov. Gretchen Whitmer ordered Line 5 shut in 2021, arguing it is a threat to the Great Lakes because it presents an environmental threat. Enbridge refused to comply, arguing the governor exceeded her authority and federal jurisdiction applies. Canada has invoked a nearly half-decade treaty governing cross border pipelines in order to keep the pipeline operating. Article content 'We are encouraged the U.S. Supreme Court has agreed to review the' case, Enbridge said in an emailed statement, citing conflicts between decisions from lower courts. 'The Supreme Court review will resolve this conflict in the courts of appeals.' Article content Michigan Attorney General Dana Nessel's office didn't immediately respond to request for comment. Article content The 540,000 barrel a day pipeline runs from Superior, Wisconsin, across Michigan and into Canada at Sarnia, Ontario. The line feeds light oil to refineries in central Canada as well as natural gas liquids that are converted to propane for Michigan homes. Article content Rather than shutting the line, which rests on the lake bottom, Enbridge seeks to build a tunnel under the Great Lakes to make Line 5 more secure. Article content
