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Home › Dodgy Deals ›
Dodgy Deal
EnbridgeCanada

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Contact:

climate@banktrack.org

Last update: 2016-10-31 00:00:00
Enbridge's head office in Calgary, Canada. Photo: Mack Male via Flickr (CC BY-SA 2.0)

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Contact:

climate@banktrack.org

Last update: 2016-10-31 00:00:00
Why this profile?

Why this profile?

Enbridge is a Canadian energy company mainly involved in gas and crude oil distribution. It owns 38,375 kilometers of gas pipelines in 30 U.S. states, five Canadian provinces and offshore in the Gulf of Mexico. In addition, it operates 27,564 kilometres of oil pipelines and has expanded its pipeline capacity with its Line 3 Replacement Project, which is completely incompatible with the goals of the Paris Agreement. With a long history of oil spills from its pipelines, Enbridge is responsible for severe environmental pollution in North America.

About
Sectors Pipeline Transportation of Crude Oil , Oil and Gas Extraction, Pipeline Transportation of Natural Gas
Headquarters
Ownership
listed on NYSE & Toronto Stock Exchange

Enbridge's shareholder structure can be accessed here. Royal Bank of Canada is the largest shareholder with 15.3%.

Subsidiaries
Enbridge Energy Partners – United States
Website http://www.enbridge.com

Enbridge is a Canadian multinational energy transportation company based in Calgary, Alberta. It was originally incorporated by Imperial Oil in 1949 as the Interprovincial Pipeline Company (IPL). IPL Energy became Enbridge in 1998. Enbridge focuses on the transportation, distribution and generation of energy, primarily in North America. As a transporter of energy, Enbridge has operations in Canada and the United States. The company owns the longest crude oil and liquid hydrocarbons transportation system in North America. As a distributor of various fuels, it owns and operates Canada's largest natural gas distribution network. In Sept 2018 Enbridge bought Spectra Energy, a US oil and gas pipeline company. Other subsidiaries are Enbridge Energy Partners and Westcoast Energy.

Impacts

Impact on human rights and communities

Indigenous Peoples Rights Enbridge's Line 3 pipeline threatens the cultural survival of the Ojibwe Indigenous People. The route would pierce the heart of the 1855 Treaty territory, where the members of Ojibwe bands retain their rights to hunt, fish, harvest wild rice, conduct religious ceremonies and travel. Wild rice lies at the core of Ojibwe identity and culture. Because of its key cultural role, wild rice harvesting is explicitly defined as a right in the treaties of several bands of Ojibwe with the U.S. Government. The Line 3 pipeline would send nearly one million barrels of tar sands per day through wild rice beds. The Mille Lacs, Red Lake and White Earth Nations bands have not given their Free, Prior and Informed Consent to the Line 3 Pipeline project (for more information see here).


Impact on climate

Canada’s far North is experiencing rapid climate change. Rising temperatures will cause severe sea level rise, jeopardising seaside communities. Scientists predict that extreme weather events will become more frequent, causing both droughts and floods across the country. 

Enbridge maintains the longest oil pipeline network in the world, which stretches across North America. The company transports more than 30% of the crude oil produced in North America and manages up to 40% of all crude imported to the United States. According to the company’s 2021 sustainability report, the gas Enbridge sells to consumers adds up to almost 50 million tonnes of carbon dioxide equivalent. 

Enbridge’s scope 3 emissions make up almost 70% of the company’s entire carbon footprint. To reduce its exposure to crude oil, Enbridge began investing in gas, hydrogen, and carbon capture and storage technologies - none of which adequately reduce its emissions. Enbridge’s renewable energy portfolio makes up less than five percent of its annual earnings, and the company has no plans to make renewables a central part of its strategy going forward.


Impact on nature and environment

Tar sands Tar sands are a type of highly polluting unconventional fossil fuel. Most of the world’s proven tar sands reserves are in the province of Alberta, Canada. Surface mining of tar sands involves clearing large sections of boreal forest. The tar sands extraction and refining process also puts a heavy burden on fresh water supplies, consuming about six units of water for each unit of tar sands gasoline produced. The resulting waste water is highly toxic and often ends up stored in dangerous ‘tailings ponds’. Due to these unconventional extraction and refining methods, Canadian tar sands emit about 31% more greenhouse gases over their entire life cycle than average North American crude. The extraction of tar sands, and its transport by pipelines, is also linked to many other environmental and human rights issues such as water pollution, increased rates of cancer, disruption of habitat, air pollution and disruption, and violations of the collective human rights of Indigenous People. They have been called the most destructive industrial projects in human history.

Enbridge's pipelines facilitate the continued extistence of tar sands in Alberta, Canada, since these projects require pipelines to be financially viable.

Line 3 pipeline replacement project Enbridge began construction in December 2020, despite COVID risks, legal challenges and sustained Indigenous-led opposition. This project is an environmental catastrophe: the construction would add 193 million tons of GHG to the atmosphere annually, annual emissions that are equivalent to 50 new coal plants. According to Honor The Earth, it also violates the treaty rights of the Anishinaabeg by endangering critical natural and cultural resources. Ironically, Enbridge’s ESG goals include contributing “to Indigenous reconciliation through employment strategies and training”.

Spills In the period of 2010 - 2016 Enbridge and its subsidiaries and joint ventures had 147 spills totaling 40,794 barrels of hazardous liquids. Of those spills 137 were crude oil, 7 were refined petroleum products and 3 were High Volatile Liquids (HVL). Around half of Enbridge’s total comes from a catastrophic 20,082 barrel diluted bitumen spill into Michigan’s Kalamazoo River in 2010. In total, Enbridge saw 17 significant spills during this time period, all crude oil spills. Enbridge and its subsidiaries and joint ventures currently operate 66,000 kilometres of oil and gas pipelines in North America.

Spills into Kalamazoo River In July 2010, Enbridge’s Line 6B pipeline ruptured, spilling over 20,000 barrels of diluted bitumen into the Kalamazoo River near the town of Marshall, Michigan. The spill impacted hundreds of families, polluted 36 miles of river, and only narrowly avoided contaminating Lake Michigan. The spilled bitumen sunk to the bottom of the river triggering a years-long, billion dollar clean-up operation that required dredging the river bottom. Even today the river and its surrounding still show the impact of the spill.

Financiers

On February 10th 2021, Enbridge renewed its USD 1.0 billion sustainability linked credit facility (maturing in July 2025) with CIBC, Scotiabank, Bank of Montreal, RBC and TD Bank. These financial institutions are also the five biggest financiers of Enbridge: from 2016 to 2021 they dedicated USD 60.08 billion to the company – including USD 10.87 billion in 2021 alone. (BOCC report 2022).

As of 31 December 2021, Enbridge's credit facilities amount to CAD 6.5 billion (2021 Annual Report, page 75). 

On 6 July 2020, Enbridge issued a USD 1 billion bond due 2080. Arrangers: JP Morgan, Barclays, Citigroup, Credit Suisse, Sumitomo Mitsui Banking Corp, Mizuho Bank, MUFG Bank. (IJGlobal).

On 20 February 2020, Enbridge issued a USD 750 million bonds, due 1 February 2022. Bond arrangers were JP Morgan and Bank of America Merrill Lynch. The proceeds will be used for the refinancing of existing debt and energy operations. (IJGlobal).

Based on Enbridge's annual reports, other outstanding loans include:

  • USD 210 million to Enbridge Energy Partners, maturing Sept 26 2022, led by Bank of America, Mizuho, Royal Bank of Canada;
  • A July 18, 2019 non-revolving bilateral credit facility for CAD 500 million with an Asian bank.

  • A May 16, 2019 non-revolving credit facility for CAD 641 million to Enbridge Inc with a syndicate of Japanese banks, likely MUFG, Mizuho and SMBC.

Specific banks involved are listed below.

Institution type
Finance type
Year
Projects

Line 3 Replacement Pipeline

United States
Project
Active
Pipeline Transportation of Crude Oil

Line 3 Replacement Pipeline

United States

Rio Grande LNG Terminal

United States
Project
Target
LNG Terminal

Rio Grande LNG Terminal

United States
There are no active project profiles for Enbridge now.

Annova LNG Terminal

United States
Project
On record
LNG Terminal

Annova LNG Terminal

United States

Canadian tar sands

Canada
Project
On record
Oil and Gas Extraction

Canadian tar sands

Canada

Enbridge Northern Gateway pipelines

Canada
Project
On record
Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas

Enbridge Northern Gateway pipelines

Canada
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

These U.S. banks are financing climate chaos through fossil fuel expansion

An overview of RAN's new report, Wall Street’s Dirtiest Secret: How fossil fuel expansion depends on big bank finance
2022-11-10 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Canadian heavy crude increasingly priced to move from US Gulf Coast

Enbridge's Line 3 pipeline replacement project completed in Q4 WCS and Mars benchmarks facing sharp differentials Urals shipments to China, India, upend traditional crude flows
2022-06-27 | S&P Global
BankTrack news BankTrack blog Partner news Partner blog

Enbridge continues to threaten a fifth of the world’s fresh water thanks to lobbyists

2022-06-17 | National Observer Canada
BankTrack news BankTrack blog Partner news Partner blog

Investors ask banks to rethink funding fossil fuel projects, including Line 3

Banks are under pressure from investors to match corporate practices with their environment and social statements * Updated
2022-03-31 | IndianCountryToday
BankTrack news BankTrack blog Partner news Partner blog

More groundwater released by Line 3 pipeline aquifer ruptures: regulators

2022-03-22 | Global News
BankTrack news BankTrack blog Partner news Partner blog

Enbridge says aggressive climate policies shortening life of its pipelines

Questions, including in recent regulatory filings, have been raised over how long the newly built Line 3 will be economically viable.
2021-12-05 | Star Tribune
BankTrack news BankTrack blog Partner news Partner blog

Oil flows through Line 3, but cleanup work remains at site of ruptured aquifer

Breach threatens a rare biodiversity hot spot in Clearwater County
2021-10-04 | StarTribune
BankTrack news BankTrack blog Partner news Partner blog

Line 3 Indigenous water protectors meet with U.N. Special Rapporteur on Human Rights Defenders over human rights violation concerns

2021-08-18 | Giniw Collective, Honour the Earth, WECAN
BankTrack news BankTrack blog Partner news Partner blog

Opponents on Enbridge Line 3 project take case to Minnesota Supreme Court

Environmental groups and tribes are petitioning the high court to overturn an appellate court decision favoring the PUC and Enbridge.
2021-07-19 | Star Tribune
BankTrack news BankTrack blog Partner news Partner blog

Susan Rice ordered to sell $2.7M stake in oil pipeline company after project moves forward

President Biden’s adviser Susan Rice is being ordered to sell a $2.7 million stake in the oil pipeline company Enbridge — after the Biden administration decided to allow the firm’s Line 3 pipeline project.
2021-07-16 | New York Post
BankTrack news BankTrack blog Partner news Partner blog

Canada is burning, and our banks are fanning the flames

Canada’s big banks are financing the climate crisis through their fossil fuel lending, argues Richard Brooks
2021-07-13 | Responsible Investor
BankTrack news BankTrack blog Partner news Partner blog

Dear bank CEO, you are cordially invited to defund this pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good.
2021-07-01 | Bloomberg Green
BankTrack news BankTrack blog Partner news Partner blog

Enbridge Publishes Sustainability-Linked Bond Framework

2021-06-17 | Enbridge
BankTrack news BankTrack blog Partner news Partner blog

Enbridge Wins Minnesota Court Ruling on Oil Pipeline Permit

2021-06-14 | Bloomberg Green
BankTrack news BankTrack blog Partner news Partner blog

Police Make Mass Arrests at Protest Against Oil Pipeline

Late Monday, police arrested activists and appeared to use a crowd-dispelling sonic device at the Line 3 pipeline in Minnesota, which would carry oil across sensitive waterways and tribal lands.
2021-06-07 | New York Times
BankTrack news BankTrack blog Partner news Partner blog

Enbridge's Line 3 oil pipeline enters critical month in June

2021-05-28 | Star Tribune
BankTrack news BankTrack blog Partner news Partner blog

These Activists are Disrupting the Dollars of the Line 3 Pipeline

There is a steady drumbeat of resistance that stands behind the frontlines of Line 3.
2021-04-16 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report details the gendered and racial impacts of the fossil fuel industry in North America and complicit financial institutions

2021-04-14 | San Francisco Bay Area, California | WECAN
BankTrack news BankTrack blog Partner news Partner blog

Enbridge didn't report extent of spill to Wisconsin regulators for more than a year

2021-04-07 | Michigan Radio
BankTrack news BankTrack blog Partner news Partner blog

Enbridge sticks to North American oil, gas, renewables strategy

2021-04-07 | S&P Global
BankTrack news BankTrack blog Partner news Partner blog

Plans for Annova LNG Fracked Gas Export Terminal Ditched

2021-03-22 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Enbridge’s “sustainable” credit: tar sands and rights violations

2021-03-10 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Enbridge raises Line 3 replacement cost estimate by $1.1 billion

2021-02-12 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

'We Should All Be Water Protectors': Ilhan Omar Visits #StopLine3 Organizers Day After Activists Block Enbridge Worksites

"We owe it to future generations, to the Indigenous communities we've signed treaties with, and to every living being on this planet to stop building fossil fuel infrastructure."
2021-01-28 | Common Dreams
BankTrack news BankTrack blog Partner news Partner blog

Ojibwe bands ask appeals court to stop Enbridge Line 3 construction

The Red Lake and White Earth bands filed suit, the second such filing in a week by pipeline opponents.
2020-12-30 | Star Tribune
BankTrack news BankTrack blog Partner news Partner blog

Not Just Another Pipeline

The expansion of Enbridge’s Line 3 pipeline is a breathtaking betrayal of Minnesota’s Indigenous communities — and the environment.
2020-12-28 | Louise Erdrich in the New York Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

The battle to stop Line 3 is heating up on the ground and across the US

Activists around the US join national day of action to end financing for tar sands pipelines like Enbridge's Line 3
2020-12-14 | Maaike Beenes – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Regulators deny First Nations' request to delay Enbridge's Line 3 pipeline replacement in Minnesota

Further delay would have showed 'irreparable harm to these workers,' commissioner says
2020-12-04 | Calgary | CBC
BankTrack news BankTrack blog Partner news Partner blog

Walz Administration Ignores Line 3 Threat to Clean Water, Climate, and Communities

MPCA approves water crossing permit for the pipeline despite risks to waterways, wetlands, Tribes
2020-11-12 | Gabby Brown, Sierra Club, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

State regulators approve Line 3 permits; move pipeline closer to construction

2020-11-12 | MPR News
BankTrack news BankTrack blog Partner news Partner blog

ENBRIDGE GETS MIXED REVIEWS AFTER SETTING 2050 NET-ZERO TARGET

2020-11-09 | The Energy Mix
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

NextDecade Provides Corporate Update, Confirms Capital Resources Sufficient to Sustain Operations Through Year-End 2021

2020-05-18 | businesswire
BankTrack news BankTrack blog Partner news Partner blog

Annova LNG and Enbridge Sign Pipeline Agreement

2020-01-22 | Annova LNG press release
BankTrack news BankTrack blog Partner news Partner blog

Another Oil Pipeline Blow As Court Rules Against Enbridge Line 3

2019-06-03 | Oilprice.com
BankTrack news BankTrack blog Partner news Partner blog

Who’s Banking Enbridge?

[updated 18 May 2019]
2019-05-18 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous, environmental and climate justice groups rally outside Equator Principles meeting

Despite global standards, world's biggest banks continue to fund environmentally damaging projects that disregard Indigenous communities’ rights to Free, Prior and Informed Consent
2018-10-17 | Washington, D.C. | BankTrack, Greenpeace USA, Honor the Earth, Market Forces, Rainforest Action Network, Sierra Club, WECAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

JPMorgan Chase, Wells Fargo and Crédit Agricole warned not to finance tar sands pipeline companies

Bank clients Enbridge and TransCanada have failed to secure Free, Prior and Informed Consent of Indigenous communities
2018-10-09 | San Francisco, USA | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

How Enbridge’s Bankers Fund a Tar Sands Pipeline

2018-09-18 | Sightline Institute
BankTrack news BankTrack blog Partner news Partner blog

Bemidji Line 3 pipeline protest indicates renewed opposition after regulatory approval

2018-08-29 | MPR news
Blog
BankTrack news BankTrack blog Partner news Partner blog

AGM briefing: Switzerland's per capita financing of fossil fuels worst in Europe, thanks to Credit Suisse and UBS

2018-04-25 | BankTrack, Greenpeace
BankTrack news BankTrack blog Partner news Partner blog

Canada's most shameful environmental secret must not remain hidden

2017-11-14 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

US Bank ends its credit relations with Enbridge Inc.

2017-11-02 | Greenpeace Canada
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Enbridge ordered to publicly disclose the probability of spills along proposed new pipeline

2017-10-26 | startribune.com
BankTrack news BankTrack blog Partner news Partner blog

PUC: Enbridge must release spill data

2017-10-26 | duluthnewstribune.com
BankTrack news BankTrack blog Partner news Partner blog

PUC says Enbridge must disclose Line3 oil spill projections

2017-10-26 | apnewsarchive.com
BankTrack news BankTrack blog Partner news Partner blog

In St. Cloud, Line 3 oil pipeline hearings canceled over safety concerns

2017-10-25 | mprnews.org
BankTrack news BankTrack blog Partner news Partner blog

Minnesotans deserve an open and transparent process on Line 3

2017-10-25 | advfn.com
BankTrack news BankTrack blog Partner news Partner blog

Enbridge : Chippewa bands launch own review of Enbridge's proposed Line 3 replacement

2017-10-14 | 4-traders.com
BankTrack news BankTrack blog Partner news Partner blog

Minnesota tribes to hold their own Line 3 pipeline meetings

2017-10-13 | wctrib.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace Investor Briefing: Problematic Pipelines

Investor risk from bank financing of tar sands pipelines
2017-09-20 | Greenpeace
Resources
Documents
Videos
Links
2022-03-30 00:00:00

Investor Statement on Line 3, Oil Sands Projects, and FPIC

Other document
2022-03-30 00:00:00 | Investors & Indigenous Peoples Working Group
2020-12-09 00:00:00

Indigenous peoples policy

Bank policy
2020-12-09 00:00:00 | Enbridge
2020-10-05 00:00:00

Climate policy

Bank policy
2020-10-05 00:00:00 | Enbridge
2020-10-05 00:00:00

Corporate social responsibility policy

Bank policy
2020-10-05 00:00:00 | Enbridge
2021-06-08 00:00:00

CSR Report 2020

Annual report
2021-06-08 00:00:00 | Enbridge
2022-06-21 00:00:00

Annual report 2021

Annual report
2022-06-21 00:00:00 | Enbridge
2020-03-02 00:00:00

Enbridge 2019 annual report

Company document
2020-03-02 00:00:00 | Enbridge
2021-04-14 00:00:00

Gendered and Racial Impacts of the Fossil Fuel Industry in North America and Complicit Financial Institutions

A Call to Action for the Health of our Communities and Nature in the Climate Crisis
NGO document
2021-04-14 00:00:00 | WECAN
2021-03-22 00:00:00

Media Statement on Annova LNG Project

Company document
2021-03-22 00:00:00 | Annova LNG
2020-03-11 00:00:00

2019 Annual Report

Company document
2020-03-11 00:00:00 | Enbridge
2020-11-05 00:00:00

Net Zero By 2050

Pathways to reducing our emissions
Company document
2020-11-05 00:00:00 | Enbridge
2020-12-08 00:00:00

Who's banking Line 3 and Keystone XL

Tar sands pipelines being rammed through in a pandemic
NGO document
2020-12-08 00:00:00 | Rainforest Action Network
2016-11-01 00:00:00

Enbridge's Line 3

What you need to know
NGO document
2016-11-01 00:00:00 | Honour the Earth
2020-10-19 00:00:00

Letter from Coalition of Indigenous women and organizations to a group of 70 banks on Tar sands financing

Correspondence
2020-10-19 00:00:00 | Coalition of Indigenous women and organizations
2020-11-12 00:00:00

Enbridge Line 3 Final permits and certification

Other document
2020-11-12 00:00:00 | Minnesota Pollution Control Agency
2015-08-07 00:00:00

Treaty Rights and Oil Pipelines

What You Need To Know
NGO document
2015-08-07 00:00:00 | Honour the Earth
2020-11-03 00:00:00

Memo from the Minnesota Environmental Partnership to Governors Walz, Flanagan and Sutton

NGO document
2020-11-03 00:00:00 | Minnesota Environmental Partnership
2020-10-31 00:00:00

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction
2018-09-09 00:00:00

How Enbridge's bankers fund a tar sands pipeline

NGO document
2018-09-09 00:00:00 | Sightline Institute
2017-11-30 00:00:00

Statement on business conduct

Bank policy
2017-11-30 00:00:00 | Enbridge
2018-08-12 00:00:00

CSR report 2017

Annual report
2018-08-12 00:00:00 | Enbridge
2016-03-29 00:00:00

Enbridge climate change policy

Bank policy
2016-03-29 00:00:00 | Enbridge
2018-08-02 00:00:00

Four Proposed Tar Sands Oil Pipelines Pose A Threat To Water Resources

NGO document
2018-08-02 00:00:00 | Greenpeace USA
2017-10-30 00:00:00

In the pipeline

NGO document
2017-10-30 00:00:00 | Greenpeace
2017-11-02 00:00:00

Funding tar sands

NGO document
2017-11-02 00:00:00 | BankTrack et al
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | Enbridge
2018-04-25 00:00:00

Swiss Banks in the End of the Fossil Fuel Age

BankTrack publication
2018-04-25 00:00:00 | Greenpeace, BankTrack
2017-09-25 00:00:00

Letter from Treaty Alliance against Tar Sands Expansion, Rainforest Action Network et al to JPMorgan Chase on Ending finance for tar sands oil

Correspondence
2017-09-25 00:00:00 | Treaty Alliance against Tar Sands Expansion, Rainforest Action Network et al
2017-09-21 00:00:00

Letter from Honor the Earth, Rainforest Action Network et al to Wells Fargo et al on Line 3 Pipeline replacement project

Correspondence
2017-09-21 00:00:00 | Honor the Earth, Rainforest Action Network et al
2017-09-20 00:00:00

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

NGO document
2017-09-20 00:00:00 | Greenpeace

Canada's Tar Sands: The most destructive project on Earth? - Truthloader

2018-11-15 12:43:20

Enbridge SEC filings

Enbridge infrastructure map

Treaty Alliance Against Tar Sands Expansion campaign website

Stop Line 3

Enbridge's webpage on sustainability

Honour the Earth campaign website

Updates

2022

2022-06-17 00:00:00 | Enbridge continues to threaten a fifth of the world’s fresh water

The enbridge corporation continues to operate its dangerous Line 5 pipeline in direct violation of the first-ever shutdown order for an existing pipeline. Each day Enbridge continues to operate Line 5, it poses a threat to one-fifth of the world’s fresh water (Read more here: National Observer Canada).

2020

2020-11-09 00:00:00 | Enbridge gets mixed reviews after setting 2050 net-zero target

Enbridge Inc. is getting mixed reviews after becoming the biggest fossil in North America to set sights on net-zero greenhouse gas emissions by 2050, beginning with a 2030 target to reduce the emissions intensity of its operations by 35%. Greenpeace Canada Senior Energy Strategist Keith Stewart said Enbridge’s announcement read more like marketing than real progress. “Investors want to see real decarbonization plans, and until Enbridge accepts the challenge of becoming a 100% renewable energy company, this is simply greenwashing,” he told the Globe. “Using solar energy to power the pumps that push oil and gas through your pipelines can’t hide the fact that you’re still selling fossil fuels.”  (The Energy Mix)

2020-02-13 00:00:00 | Enbridge buys NextDecade's Rio Bravo Pipeline

Enbridge entered into a definitive agreement on Feb. 13, 2020 whereby Enbridge would acquire Rio Bravo Pipeline Company, LLC (RBPL) from NextDecade for a cash purchase price not to exceed $25 million, with $15 million paid at closing and the balance paid upon NextDecade’s reaching a positive final investment decision (FID) on its Rio Grande LNG export facility in the Port of Brownsville, Texas. The Rio Bravo Pipeline Project is designed to transport up to 4.5 billion cubic feet per day of natural gas from the Agua Dulce supply area to NextDecade's Rio Grande LNG project in Brownsville, Texas. (Enbridge)

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