Canada's Enbridge slates $6.2bn for crude oil pipeline projects

Canadian energy company Enbridge plans to invest $6.2 billion to bring new sources of crude oil to refinery markets in the Midwest, Ontario and Quebec.

The Calgary, Alberta-based energy company will fund a portfolio of projects in response to changing oil supply and demand patterns in North America, including stepped-up crude supplies from areas such as the Bakken shale. The Bakken, which largely underlies North Dakota, has seen production more than triple over the past five years...


December 10, 2012

01:47 GMT