Enbridge to re-export Canadian oil via U.S., stirring controversy

|About: Enbridge Inc. (ENB)|By:, SA News Editor

Enbridge (ENB) has obtained a license to re-export Canadian oil from the U.S., becoming the first company to publicly confirm a move that could fuel debate over U.S. trade policy and oil sands pipelines.

ENB says its Tidal Energy subsidiary has a license to export "limited quantities" of Canadian-origin oil from a U.S. port, confirming speculation about such shipments; first cargoes are expected to sail for Europe later this month.

Critics of the Keystone XL pipeline (TRP) have contended that allowing re-exports of Canadian oil from the U.S. undercuts Pres. Obama's pledge to protect the climate.