Enbridge CEO Open to New West Coast Pipeline - If Risks Drop
Source: bloomberg.com
- Enbridge CEO Greg Ebel says he's open to a new Canadian west coast oil pipeline if political risks are reduced.
- Past projects like Northern Gateway failed due to opposition from courts, indigenous groups, and governments, costing over $400 million.
- Alberta wants the pipeline built, with federal backing conditional on private funding and indigenous partnerships.
Enbridge's CEO discusses willingness to consider building a new oil pipeline from Alberta to British Columbia's coast. The project aims to export crude oil overseas but faces political, environmental, and indigenous hurdles. It matters because Canada needs better market access for its oil to boost energy exports and economic growth.