Soaring heating prices in Europe and an electricity crisis in China are proof that the global transition to a low-carbon economy needs to be driven by a "mix of balanced policy solutions," the chief executive of pipeline giant Enbridge Inc. said on Friday, November 5, 2021.
Foreign Affairs Minister Marc Garneau said in a statement Monday that the transit pipeline treaty “guarantees the uninterrupted transit of light crude oil and natural gas liquids between the two countries.”
Canada’s largest banks have signed a new deal to pump $1.5 billion into Enbridge that will help the oil and gas company expand its pipeline network, with the vast majority of that money referred to as “sustainability linked” in the term sheets.
The Minnesota Court of Appeals on Monday affirmed a decision by state pollution regulators to issue a water quality certification for the Line 3 crude oil pipeline, the latest setback for opponents who are trying to stop the project.
The original Line 3 pipeline is responsible for the worst inland spill in U.S. history, and even before oil has begun to flow, the new pipeline has caused 28 drilling fluid spills into 12 river crossings, writes Evelyn Austin.