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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: gcrispin who wrote (31503)	6/13/2019 8:32:58 AM
From: Spekulatius	Respond to of 34328

re ENB - yes I am aware of this. While the federal government is friendly towards pipeline builds, it doesn’t really matter, because many states have become way more hostile. Also see the recent issue in NY with the pipeline to Long Island where many houses are still heated with dirty oil ironically.

To: gcrispin who wrote (31503)	6/15/2019 3:04:33 PM
From: JimisJim	Read Replies (1) \| Respond to 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.