SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gcrispin who wrote (31503)6/15/2019 3:04:33 PM
From: JimisJim  Read Replies (1) of 34328
 
Exactly and thx for reminding me. This Line 5 issue is gaining steam (against) and now state and federal agencies are investigating various allegations ENB may be out of compliance, if not actually operating illegally under DOT and other agencies. If a vote were held tomorrow in Mich., Line 5 would be capped and removed from the Straights of Mackinac because even a small spill/accident there has enormous and very bad consequences for the entire Great Lakes region, where 1/3 of all standing fresh water is located on the planet.

"Enbridge walked away from the negotiating table with the governor [of Mich], and has now chosen to pursue litigation rather than negotiate in good faith to find a reasonable solution that includes a date certain for decommissioning Line 5,” spokesperson Tiffany Brown told Great Lakes Now.

“It is now abundantly clear that Enbridge – which is responsible for the largest inland oil spill in American history in Marshall, Michigan – [ENB] is only interested in protecting its bottom line,” Brown said. And shareholders but screw everyone else.

If successful in eliminating Line 5 or forcing them to build a tunnel and then replace Line 5 inside that tunnel vs. just being under water with no other protection or safety measures?

That would certainly tank ENB's share price and possibly their divvy as well -- that is the risk in owning ENB and should not be ignored as the anti-Line 5 movement will be decided in civil court and/or on the state ballot and ENB's case is the opposite of a slam dunk.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News