Regulator rejects Enbridge's Mainline pipeline system contracting proposal
Canada's main energy regulator has rejected Enbridge Inc.'s proposal to fill its Mainline pipeline network through long-term contracts.
The Calgary-based pipeline giant had applied to enter into long-term contracts for 90 per cent of the Mainline system's capacity.
The pipeline's demand has exceeded capacity over the past few years. Enbridge had argued firm contracts would give customers more predictable access to the pipeline.
But some Canadian oil producers argued the proposed change would worsen the existing capacity constraints and could lead to lower oil prices.
The Canada Energy Regulator says it concluded Enbridge's proposal would dramatically change access to the pipeline. It said certain companies would benefit from long-term stability, but others would lose access to the pipeline.
Enbridge's Mainline is Canada's largest oil pipeline system, moving over three million barrels per day of petroleum products to market. The pipeline provides approximately 70 per cent of the total oil pipeline transportation capacity out of Western Canada.
This report by The Canadian Press was first published Nov. 26, 2021.
CTVNews.ca Top Stories
BREAKING Parents of infant who died in wrong-way crash on Ontario's Hwy. 401 were in same vehicle
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins
Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called 'misguided criticism' of the grocer as a boycott against the company gains steam online.
Three Quebec men from same family father hundreds of children
Three men in Quebec from the same family have fathered more than 600 children.
B.C. mayor stripped of budget, barred from committees over Indigenous residential schools book
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Quebec premier asks police to dismantle camp at McGill University
Quebec Premier Francois Legault has called on the police to dismantle the pro-Palestinian protest encampment on the lower field of McGill University's downtown campus in Montreal.
Orangutan observed treating wound using medicinal plant in world first
Scientists working in Indonesia have observed an orangutan intentionally treating a wound on their face with a medicinal plant, the first time this behavior has been documented.
TD Bank hit with $9.2M penalty after failing to report suspicious transactions
Canada's financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.
Doctors concerned about potential spread of bird flu in Canada
H5N1 or avian flu has been detected at dozens of U.S. dairy farms and Canadian experts are urging surveillance on our side of the border too.
This Canadian restaurant just lowered its prices. Here's how it did it
A Canadian restaurant lowered its prices this week, and though news of price tags dropping rather than climbing sounds unusual, the business strategy in this case is not, according to experts in the field.