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)
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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.
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