March 6, 2014. Source: Canadian Press
TORONTO – The National Energy Board gave the green light Thursday to energy giant Enbridge’s plan to reverse the flow and increase the capacity of a pipeline that has been running between southern Ontario and Montreal for years.
The 141-page decision on the controversial Line 9 comes some four months after the federal regulator held public hearings on the Calgary-based company’s proposal.
The approval is subject to certain conditions that include Enbridge (TSX:ENB) being required to undertake activities involving pipeline integrity, emergency response and continued consultation.
“The board’s decision enables Enbridge to react to market forces and provide benefits to Canadians, while at the same time implementing the project in a safe and environmentally sensitive manner,” the NEB said in a statement. Continue reading