Enbridge says carbon storage project still alive in spite of Capital Power decision [BNN Bloomberg (Canada)]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: BNN Bloomberg
Enbridge executive vice-president Colin Gruending said the move by Capital Power to cancel a high-profile CCUS project proposed for its Genesee natural gas-fired power near Edmonton is "disappointing." But he added another proposed carbon capture project in the area, at Heidelberg Materials' cement plant, remains in the works and keeps Enbridge's own proposed storage hub alive. "That (Heidelberg) project has garnered some more financial support, and we'll be working with them to consider FID (final investment decision) later this year," Gruending said told a conference call with analysts to discuss the Enbridge's latest financial results. "So the Wabamun Open Access Hub will generally continue." CCUS — or carbon capture, utilization and storage — is a technology that traps harmful emissions from industrial processes and stores them deep underground to prevent them from entering the atmosphere. Pipeline company Enbridge and electricity generator Capital Power agreed in 2021
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ENB
Earnings
- 5/10/24 - Beat
ENB
Sec Filings
- 5/15/24 - Form 8-K
- 5/15/24 - Form 424B5
- 5/10/24 - Form 10-Q
- ENB's page on the SEC website