Enbridge Postpones Mainline Pipeline Phase Two Expansion
🐿️ The Squirrel's Take
This postponement signals that Enbridge sees more immediate profit in US shale plays than in boosting Canadian oil export capacity.
💡 Why it matters
The delay could constrain Canadian oil producers' ability to increase exports to global markets, potentially widening the price discount for Canadian heavy crude.
Enbridge has postponed the second phase of its Mainline oil pipeline expansion in Canada, citing a strategic shift to focus on growth opportunities in the United States. The decision delays additional capacity for Canada's largest oil pipeline system.
📡 Where we spotted it (3)
edmontonjournal.com
Enbridge delays second stage of expansion for Canada's largest oil pipeline
63d ago
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bloomberg.com
Enbridge Delays Canada Pipeline Expansion to Focus on US Growth
63d ago
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globalnews.ca
Canada’s Enbridge postpones plans for second phase of Mainline oil pipeline expansion
63d ago
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