Monday, September 15, 2025

Latest

Regulatory Changes Needed for Canadian Pipelines, Enbridge CEO Says

Enbridge Inc (TSX: ENB) Chief Executive Greg Ebel said on Tuesday that Canada should declare pipeline projects in the national interest to expand energy-market access as the country faces US tariff threats.

“The ability to actually get anything done would take significant legislative changes,” Ebel told reporters following an investor day event.

The only way to achieve these legislative changes, he said, would be for the government to deem projects in the national interest or to declare an energy emergency.

Canada’s pipeline debate reignited after US President Donald Trump threatened in February to impose 10% tariffs on oil and gas imports.

Canadian Natural Resources Minister Jonathan Wilkinson subsequently called for a national discussion about potentially building a new east-west oil pipeline.

Read: Moe Declares Pipeline Permits ‘Pre-Approved’ as Trump Renews Keystone Push

Northern Gateway, a $7.9-billion, 1,177-kilometre pipeline proposed by Enbridge in 2006 to carry Alberta oil to British Columbia’s coast, was cancelled in 2016 when Prime Minister Justin Trudeau’s government revoked its permits.

Despite tariff concerns, Ebel expects cross-border pipeline shipments to continue, citing US refineries’ dependence on Canadian crude, particularly in the Midwest where facilities are designed to process heavier oil sands crude.

Read: Trump Wants Keystone XL Pipeline “Now” After Saying The US Doesn’t Need Canadian Oil

“It would be very difficult for them to find other sources of supply and, equally so, very difficult for the producers in Canada to be able to find other sources of demand,” Ebel said.

Enbridge announced a $2-billion investment through 2028 to improve its Mainline pipeline system’s reliability and efficiency. Ebel indicated these plans can be adjusted to match supply growth even amid trade tensions.

The Canadian Association of Petroleum Producers said the trade dispute underscores the importance of opening additional markets for oil and gas.

However, Chris Severson-Baker, executive director of environmental think tank Pembina Institute, cautioned against “kneejerk reactions” to tariffs such as expanding oil and gas infrastructure, suggesting Canada should instead focus on developing low-carbon energy solutions.


Information for this story was found via The Globe and Mail, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Ford Floats Province Buying Stelco Amid US Tariff Dispute

Ontario Premier Doug Ford suggested Wednesday that the province could purchase steelmaker Stelco from its...

Friday, August 22, 2025, 09:44:00 AM

Trump’s Tariffs Drive Canadian Sentiment Toward US to Historic Low

Canadian attitudes toward the US have plummeted to historic lows following the implementation of tariffs...

Thursday, March 6, 2025, 04:21:00 PM

Canada Vows to Fight US Metal Tariffs

US President Donald Trump plans to impose a 25% tariff on steel and aluminum imports...

Wednesday, February 12, 2025, 03:51:00 PM

Enbridge Ends Q2 2021 With $10.9 Billion In Revenue

Enbridge Inc. (TSX: ENB) released this morning its Q2 2021 financial results, which saw the...

Friday, July 30, 2021, 09:46:00 AM

Trump Copper Tariff Announcement Sends Prices to Record Highs

Copper prices exploded to historic levels Tuesday after President Donald Trump declared during a White...

Wednesday, July 9, 2025, 10:38:00 AM