Enbridge (ENB) Chief Executive Greg Ebel said Friday on Bloomberg Television that the scrapped Northern Gateway oil pipeline proposal would be difficult to revive without major legislative changes in Canada.
The pipeline, which would have moved oil from Alberta to a port in British Columbia, was halted by a court order in 2016 before being rejected by Prime Minister Justin Trudeau. However, given President Donald Trump's threats to impose tariffs on imports from Canada, there is renewed momentum for projects that would reduce Canadian dependence on the US, according to the report.
Price: 43.77, Change: -1.02, Percent Change: -2.28
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.