The agency's Detroit district is considering whether to grant a permit for the project. Der kanadische Pipelinebetreiber Enbridge Inc. (ISIN: CA29250N1050, TSX: ENB) wird eine Quartalsdividende von 0,81 CAD an seine Aktionäre ausschütten, wie am Mittwoch berichtet wurde. Enbridge Inc. is suing the state of Michigan for taking steps to shut down the company’s oil pipeline that runs under the Straits of Mackinac.. On Nov. 13, the office of Michigan Gov. December 17, 2020 Austin Erickson , PALISADE, Minn. (KVRR) – Activists gather at the Enbridge Line 3 pipeline in Northern Minnesota for an antipipeline prayer vigil. Nov. 17, 2020; In an unusual move, Gov. Enbridge hebt die Dividende das 26. Then, the Alberta, Canada-based company was ordered to temporarily halt operations this June after it discovered damage to the pipeline’s anchor support. Gretchen Whitmer of Michigan, … With so many twists and turns in the Line 5 story, it’s hard to keep up with the legal filings and positions from Enbridge Energy Corp., various Michigan governmental agencies and groups trying to stop or keep the pipeline. If you visit us daily or weekly or even just once a … Nearly 50 people spoke during the three-hour hearing, while others issued written statements. CALGARY, AB, Dec. 8, 2020 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.835 per common share, payable on March 1, 2021 to shareholders of record on February 12, 2021.The declared dividend represents a three percent increase from the prior quarterly rate and … The project will include Enbridge installing a new … Rosie Del Campo CTV News Kitchener Producer @RosieDelCampo Contact. News; Growth projects. The EPA determined that Enbridge neglected to properly evaluate thousands of “shallow dents” on its Lakehead Pipeline System. “In the face of continued roadblocks by this Administration it’s time for the State to stop playing politics with the energy needs and anxieties of US and Canadian consumers and businesses that depend on Line 5,” said Vern Yu, Executive Vice President and President, Liquids Pipelines. FILE - In this June 8, 2017, file photo, fresh nuts, bolts and fittings are ready to be added to the east leg of the Enbridge Line 5 pipeline near St. Ignace, Mich., as Enbridge prepares to test the east and west sides of the Line 5 pipeline under the Straits of Mackinac in Mackinaw City, Mich. (Dale G. Young/Detroit News via AP, File), Pipeline and Hazardous Materials Safety Administration, the state was revoking an easement granted in 1953, An anchor dragged by a commercial tug and barge dented both pipes, ordered to temporarily halt operations this June. Folgen. We remain highly committed to protecting the Great Lakes, the environment, and all the people who use these waters while delivering energy that people rely on daily. November 20, 2020 With so many twists and turns in the Line 5 story, it’s hard to keep up with the legal filings and positions from Enbridge Energy Corp., various Michigan governmental agencies and groups trying to stop or keep the pipeline. The U.S. Army Corps of Engineers held a public hearing Monday, Dec. 7, 2020, on Enbridge's application for a federal permit to construct an oil pipeline tunnel beneath the Straits of Mackinac, the waterway that links Lakes Huron and Michigan. An Enbridge Inc. pipeline that will help ship more Canadian crude to the U.S. Midwest received final approval, paving the way for construction to … Bei den jüngsten Ergebnisveröffentlichungen lagen die Ergebnisse des Unternehmens unter des Konsensusschätzungen. Enbridge also argues that its safety regulator, the Pipeline and Hazardous Materials Safety Administration, has found the pipelines to be safe and “fit for service,” officials said Tuesday. These equipment upgrades to our B.C. “It is concerning to see the current Administration is willing to compromise these needs. All amounts shown are in Canadian dollars unless otherwise specified. According to Whitmer the damaged anchor support was approximately 150 feet (46 meters) from a section of the pipeline where damage to its coating was discovered on or around May 26. Today’s lawsuit filed by Enbridge brazenly defies the people of Michigan and their right to protect the Great Lakes from a catastrophic oil spill. Enbridge disclosed the information to Michigan officials and closed off the damaged leg of the pipeline in response, but the state was concerned about the impact the damage might do to the surrounding area. Published Friday, December 11, 2020 … All dividends are payable on September 1, 2020 to shareholders of record on November 13, 2020. DRUCKEN. The revocation would take effect in 180 days from the order, meaning the flow of oil must stop by then. Announces Three Percent Quarterly Dividend Increase for 2021 PR Newswire CALGARY, AB, Dec. 8, 2020 CALGARY, AB, Dec. 8, 2020 /PRNewswire/ - Enbridge Inc. … NEWS INSIDERS. Mike Alaimo of the Michigan Chamber of Commerce responded that the $500 million project, which Enbridge has promised to pay for, would protect the lakes and bolster the regional economy while keeping energy prices affordable. A Michigan regulatory panel refused Tuesday, June 30, 2020, to grant quick permission to run a new oil pipeline beneath a channel that connects two … 2020 Enbridge Day Investment Community Conference. Enbridge … This article was amended on 4 December 2020 to clarify the details of the Enbridge pipeline’s construction. People who invested $10,000 in Enbridge at the start of 2020 would have $8,435 today, indicating a total return of -15.5%. “Enbridge has a history of safety violations and environmental damage, and entrusting this serial bad actor to build a massive tunnel under our Great Lakes would be a mistake of epic proportions," said Beth Wallace of the National Wildlife Federation. Enbridge has a 10-year CAGR of 9% (dividend adjusted), but if we consider its recent stock price history, a five-year CAGR of negative 0.2% doesn’t inspire a lot of confidence. Enbridge’s Line 5 pipeline, which links Superior, Wisconsin, with Sarnia, Ontario, was issued a form of a Notice of Revocation and Termination by the state of Michigan on Nov. 13. News Release - Individual release details. “They have repeatedly violated the terms of the 1953 easement by ignoring structural problems that put our Great Lakes and our families at risk. ... Visit the investment center dashboard and view our latest events, filings and news releases. The underwater segment is part of a line that carries crude oil and natural gas liquids used in propane between Superior, Wisconsin, and Sarnia, Ontario, passing through a lengthy stretch of northern Michigan. Dec 1, 2020 (Bloomberg) An Enbridge Inc. pipeline that will help ship more Canadian crude to the U.S. Midwest received final approval, paving the way for construction to start soon on a third key export project for the oil sands after years of delays. Enbridge Inc. (ENB.TO) (TSE:ENB) (NYSE:ENB) Director Albert Monaco sold 4,100 shares of the firm’s stock in a transaction on Friday, December 11th. Following the sale, the director now owns 920,547 shares in the company, valued at C$39,997,767.15. Gretchen Whitmer notified Enbridge that the state was revoking an easement granted in 1953 that allowed an extension of the Line 5 oil pipeline to run through the Straits of Mackinac. Our News Network. By … THE EAST LEG of Enbridge Inc.’s Line 5 pipeline near St. Ignace. Posted Dec 7, 2020 3:48 pm PST. Published Friday, December 11, 2020 2:58PM EST Last Updated Friday, December 11, 2020 2:59PM EST Project Details T-South Reliability and Expansion Program. Enbridge Inc. ENB recently received authorization from the board of directors to hike quarterly dividend for 2020. “Most importantly, Enbridge has imposed on the people of Michigan an unacceptable risk of a catastrophic oil spill in the Great Lakes that could devastate our economy and way of life,” Whitmer added. Hier erhalten Sie eine Übersicht über die Dividendenzahlung und Dividendenrendite von ENBRIDGE sowie die anstehenden und vergangenen Hauptversammlungstermine (HV-Termine). The Corps will accept comments through Dec. 17 but there's no deadline for its decision on the permit application, spokesman Bill Dowell said. By Veronica Penney. The pipeline company says it will increase its quarterly payment to … By Dave Dentinger November 25, 2020 1:22pm. Dale G. Young/Detroit News, via Associated Press . Enbridge has undergone a significant portfolio shift over the past few years. TRAVERSE CITY, Mich. -- Building an oil pipeline tunnel beneath a channel linking two of the Great Lakes would risk environmental devastation, opponents said Monday, while supporters argued that rejecting the plan would further damage a Michigan economy already reeling from the coronavirus. On Nov. 13, Michigan Gov. Enbridge Inc. is suing the state of Michigan for taking steps to shut down the company’s oil pipeline that runs under the Straits of Mackinac. November 30, 2020 Enbridge Line 3 Starts Construction in Minnesota CALGARY, AB and DULUTH, Minn., Nov. 30, 2020 /CNW/ - The Line 3 Replacement Project can now start construction in Minnesota after receiving all necessary permits and approvals. MACKINAW CITY — As Enbridge continues to progress on its long-term Line 5 tunnel project through the Straits of Mackinac, the Canadian-based company gave a be. Topics. ... 2020 at 8:34 pm. The midstream niche of the energy industry has been hit hard by the coronavirus pandemic. Line 3 Replacement Project (U.S.) The largest project in Enbridge history proposes to replace all remaining segments of Line 3 from Hardisty, AB to Superior, WI. However, Whitmer argues that the company has neglected to properly care for the pipelines over the years and has put the state at risk for an oil spill. Canadian oil company Enbridge filed suit in federal court to stop the State of Michigan from shutting down the utility pipeline’s operation on Tuesday. Minnesota approved the stormwater pollution plan for Enbridge’s Line 3 pipeline replacement and expansion, the project’s last pending permit, the company said. The Canadian pipeline company wants to drill a nearly 4-mile (6.4-kilometer) tunnel through bedrock under the Straits of Mackinac. On Nov. 13, the office of Michigan Gov. The dual pipelines are vulnerable to anchor strikes, similar dangerous impacts, and the inherent risks of pipeline operations.”, Democratic U.S. Sen. Gary Peters, a member of the Senate committee that oversees the U.S. The amount of the dividend is consistent with the September 1, 2020 dividend. On Tuesday, Enbridge filed a federal lawsuit against Michigan, arguing that the state’s attempt to revoke the easement is “improper and unlawful.” Enbridge argues that disrupting the oil flow would negatively impact U.S. and Canadian residents and businesses. Share via: Facebook; Twitter; LinkedIn; More; The legal battle between the State of Michigan and Enbridge Inc. … In den... | 15 Dezember 2020 EMAIL. Enbridge's Annual Meeting of Shareholders will be held at 1:30 p.m. (ET) on Tuesday, May 5, 2020, in the Queen's Park Ballroom, Shangri-La Hotel, 188 University Avenue, Toronto, Ontario. ... Dec 2nd 2020 - 12pm ... News Enbridge holds virtual event as … (Michigan Department of Environment, Great Lakes, and Energy via AP, File) An anchor dragged by a commercial tug and barge dented both pipes in April 2018. Copyright 2020 by WDIV ClickOnDetroit - All rights reserved. Sep 26, 2020. Turn on desktop notifications for breaking stories about interest? Enbridge’s Line 5 pipeline, which links Superior, Wisconsin, with Sarnia, Ontario, was issued a form of a Notice of Revocation and Termination by the state of Michigan on Nov. 13. Enbridge Sets New Environmental, Social and Governance Goals for the Future. News Videos. The Standing Rock DAPL battle came after our successful defeat of Enbridge in the Sandpiper, a fracked-oil pipeline that Enbridge wanted to put … Preferred Shares. November 20, 2020 . With such uncertainty in its future, Enbridge can ill-afford any further Line 3 delays. Enbridge Inc. Michigan Attorney General Dana Nessel filed a lawsuit to carry out Whitmer’s decision on Nov. 13. Line 5 is part of Enbridge’s Lakehead network, which carries oil from western Canada to refineries in the U.S. and Ontario. Growth. Last Updated Dec 7, 2020 at 4:02 pm PST. Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported strong third quarter 2020 financial results and provided a quarterly business update. The U.S. Army Corps of Engineers held a public hearing Monday, Dec. 7, 2020, on Enbridge's application for a federal permit to construct an oil pipeline tunnel beneath the Straits of Mackinac, the waterway that links Lakes Huron and Michigan. Enbridge Sues Michigan Over Oil Pipeline Shutdown Order Enbridge is fighting an order to shut down its oil pipeline that crosses the waterway connecting Lake Huron and Lake Michigan. This article was amended on 4 December 2020 to clarify the details of the Enbridge pipeline’s construction. In short, Enbridge claims it can continue to pump oil through the Straits of Mackinac indefinitely, posing enormous risk to our economy and way of life – and that the people of Michigan have no say in the matter. FACEBOOK. Press Release reported on 12/08/20 that (CNW) Enbridge Announces 2021 Financial Guidance, Increases Dividend, and Provides Update on Strategic Priorities One of the pipeline supports was damaged this summer, apparently by a boat cable. Enbridge paid $177 million and pledged to improve pipeline safety under that agreement. By Associated Press, Wire Service Content Nov. 24, 2020… Enbridge hebt die Dividende das 26. FILE - This June 2020, file photo, shot from a television screen provided by the Michigan Department of Environment, Great Lakes, and Energy shows damage to anchor support EP-17-1 on the east leg of the Enbridge Line 5 pipeline within the Straits of Mackinac in Michigan. Get the latest Enbridge Inc (ENB) stock news and headlines to help you in your trading and investing decisions. ... Office reports that a number of people protesting the Enbridge Energy Line 3 pipeline trespassed on property owned by Enbridge … Enbridge has a 10-year CAGR of 9% (dividend adjusted), but if we consider its recent stock price history, a five-year CAGR of negative 0.2% doesn’t inspire a lot of confidence. FILE - Supporters of Enbridge Energy's proposal to replace its aging Line 3 crude oil pipeline across northern Minnesota parked a truck near the State Capitol in St. Paul, Minn., on Friday, Jan. 31, 2020, carrying pipeline segments signed by people who back the project. The issues with Pipeline 5 discovered in June came just after the company reached an agreement with the U.S. Environmental Protection Agency (EPA) to pay a $6.7 million fine for allegedly failing to quickly fix pipeline safety issues. (Garret Ellison | gellison@mlive.com) The Enbridge logo is shown at the company's annual meeting in Calgary on May 9, 2018. Activists are pushing big banks to follow New York in divesting from companies like Enbridge, which — according to Stop the Money Pipeline — has a $2.1 billion loan up for renewal in March. Get the latest Enbridge Inc (ENB) stock news and headlines to help you in your trading and investing decisions. Enbridge held a virtual ceremony on Thursday morning to thank partners and mark the beginning of the Line 3 replacement project in Minnesota. Updated Nov 24, 2020; Posted Nov 24, 2020 An Enbridge Line 5 pipeline marker near St. Ignace with the Mackinac Bridge in the background. 'S annual meeting in Calgary on May 9, 2018 and said would! 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