In an analyst call on Friday, the head of the Calgary pipeline giant Greg Ebel said the company “would need to see real legislative change at the federal and provincial government level” before it could justify proposing major new projects. (The Logic)
Skip to content
In an analyst call on Friday, the head of the Calgary pipeline giant Greg Ebel said the company “would need to see real legislative change at the federal and provincial government level” before it could justify proposing major new projects. (The Logic)
Talking point: Ebel’s comments throw cold water on the recent hype around the prospect of new pipelines getting built in Canada. U.S. President Donald Trump’s trade threats have seemingly generated new support for projects previously viewed as unbuildable, including in Quebec. However, Ebel said Ottawa would first need to “specifically [identify] major infrastructure projects like Northern Gateway as being in the national interest, and therefore legally required” before the company could propose any new investment. Prime Minister Justin Trudeau officially rejected Northern Gateway in 2016. Shares in both Enbridge and its rival TC Energy slumped on Friday following fourth-quarter results, despite both companies’ executives brushing off U.S. tariff threats.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
The $100B bet Canada is putting on European submarines
Briefing
Brookfield-backed Csquare seeks to raise up to US$1.35B in its IPO
Alberta government uses Claude to check its code
Rogers to take full control of MLSE, buying Kilmer Sports’ stake for $4.35B
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
