Enbridge has figured out an easier way to ship crude to the U.S.


Enbridge (NYSE:ENB) finds a way to ship more Alberta oil to the U.S. that does not require a review similar to the one faced by the Keystone XL pipeline - switching crude from one pipeline to another before it crosses the border - as the State Department OKs the company to move ahead with its cross-border Alberta Clipper project under authority granted by previously issued permits.

ENB plans to construct a link between the Alberta Clipper and the adjacent Line 3 pipeline; by transferring oil from the Clipper to Line 3 before it crosses the border and then back again after the oil is in the U.S., ENB does not need the U.S. presidential permit required for new lines.

The plan is drawing criticism from environmental groups opposed to new imports from Canada’s oil sands because mining and processing the fuel releases more climate-warming carbon than other types of crude.

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Comments (5)
  • DrP79
    , contributor
    Comments (2463) | Send Message
     
    the plan is drawing criticism from some environmental groups because it involves energy of any kind
    25 Aug 2014, 01:30 PM Reply Like
  • hhmcdon
    , contributor
    Comments (324) | Send Message
     
    Good Luck!! ENB. Don't hold your breath.
    25 Aug 2014, 02:03 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2862) | Send Message
     
    3 card monte to get oil from Canada into the US, even though its our largest trading partner. Doesn't make any sense.
    25 Aug 2014, 02:03 PM Reply Like
  • DrP79
    , contributor
    Comments (2463) | Send Message
     
    The obstruction does not make sense
    25 Aug 2014, 02:16 PM Reply Like
  • Randy W
    , contributor
    Comments (227) | Send Message
     
    No problem...just quit using gasoline. A tax on gasoilne of $ 10/gal should be about right.
    25 Aug 2014, 04:00 PM Reply Like
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