The deal between Ottawa, Alberta and oilsands producers, expected Nov. 15, could unlock a wave of new pipeline investment. “Looks like everybody’s lined up well,” the pipeline giant’s CEO, Greg Ebel, said on an earnings call Friday. “I’ll be watching there mid-November, and then it’s all on for regional activity for Enbridge.” (The Logic)

Talking point: Enbridge had previously deferred the second phase of an expansion of its Mainline network—Canada’s largest oil pipeline system, which carries crude from Western Canada to refineries in the U.S. and Eastern Canada—citing policy uncertainty in Canada. On the call Friday, Enbridge also expressed interest in building the pipeline for the Oil Sands Alliance’s proposed multibillion-dollar Pathways carbon capture project. Meanwhile, the company approved a $200-million expansion of its regional oilsands pipeline network to carry growing production from a project operated by a subsidiary of Chinese state-controlled oil giant CNOOC Ltd. “I think we’re on the cusp of a huge cyclical, and hopefully sustaining, growth wave up there,” said Colin Gruending, Enbridge’s head of liquids pipelines.

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