Headquarters: Calgary, AB, Canada
Founded: April 30, 1949 as Interprovincial Pipe Line Company
CEO: Mr. Al Monaco
CAD as of April 1, 2022
Enbridge Inc. is a multinational energy company focusing on the transportation, distribution, and generation of energy, primarily in Canada and the United States. Enbridge notably operates the longest crude oil and liquid hydrocarbons pipeline transportation system in North America and the largest natural gas distribution network, servicing Ontario, Quebec, New Brunswick, and New York State.
Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
Enbridge Inc. is a multinational pipeline company headquartered in Calgary, Alberta, Canada. Over time, it has continued to grow through the acquisition of other existing pipeline companies and the expansion of their projects. It owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids. Enbridge's expansive pipeline system is the longest in North America. Its crude oil system consists of 27,500 kilometres (17,100 miles) of pipelines in Canada and the United States. Its 38,300 kilometre (23,800 mile) natural gas pipeline system connects across multiple Canadian provinces, throughout several US states, and offshore in the Gulf of Mexico. Enbridge's pipelines transport 20% of the natural gas consumed in the United States. It owns and operates Canada's largest natural gas distribution network, providing distribution services in Ontario and Quebec. Union Gas in Ontario now fully operates under Enbridge Gas Inc. In Quebec, Enbridge has interest ownership in Gazifère. Despite its main business being fossil fuels, Enbridge has proposed a net zero greenhouse gas emissions by 2050, with an interim target to reduce emissions intensity by 35% by 2030. It has built several renewable energy projects within North America and Europe in recent years, including wind and solar assets, waste heat recovery facilities, a geothermal project, a power transmission project, and a hydroelectric facility. Enbridge has two Technology + Innovation labs, one in Calgary, Alberta, and the other in Houston, Texas. Throughout its operations, Enbridge has experienced spills and protests against the expansion of its pipelines. Most recently, its Line 3 Replacement Project came under scrutiny in Minnesota, and Line 5 has attracted attention in Michigan.
Source: Wikipedia, retrieved on March 31, 2022, 8:57 p.m.
Pipeline transportOil storage
Founder(s): Imperial Oil
Gregory L. Ebel (Chair) Al Monaco (CEO)
Revenue: C$50.069 billion(2019)
Operating income: C$8.260 billion(2019)
Net income: C$5.827 billion (2019)
Total assets: C$163.269 billion(2019)
Total equity: C$66.043 billion(2019)
Enbridge Inc. has the following listings and related stock indices.
Stock: TSX: ENB
Stock: NYSE: ENB
Stock: FSX: EN3
Stock: OTC: EBBGF
Stock: OTC: EBBNF
Stock: OTC: EBGEF
Stock: OTC: EBRGF
Stock: OTC: EBRZF
Stock: OTC: ENBBF
Stock: OTC: ENBFF