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0 0 0.00261682242990655 0.00130841121495328 0.000934579439252416 -0.00242990654205599 -0.00495327102803739 -0.00728971962616823
Stock impact report

Canada clears $4 billion sunrise pipeline as first big test of faster approvals [Wealth Professional (Canada)]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
Ottawa has handed Enbridge Inc. a $4bn test of how quickly Canada can now move major energy projects from approval to in-service. According to an Enbridge statement, the federal government has approved the Sunrise Expansion Program, a $4bn natural gas expansion of Enbridge's Westcoast pipeline system in British Columbia. The Westcoast system currently moves 3.6bn cubic feet of gas per day from fields in northeastern BC and northwestern Alberta to the Canada–US border, and Sunrise will add 300m cubic feet per day of capacity. Enbridge said that the project will install almost 140 kilometres of new pipe in 11 looping segments alongside the existing line, and add compression and upgrades at existing facilities. Enbridge said construction is scheduled to begin in July 2026 with a targeted in-service date in late 2028, while BNN Bloomberg reported construction is expected to begin this summer, with startup also targeted for late 2028. All of the new transportation space is alrea Show less Read more
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