Pretty massive setback for Enbridge here
https://www.theglobeandmail.com/busi...sota-rejected/
Quote:
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Judge Ann O’Reilly said Line 3 should proceed, but only on condition Enbridge removes and replaces the aging line along its existing right-of-way – an option the company had previously dismissed as impractical and cost prohibitive.
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Shares down more than 5% today. To do a replacement in ditch is an incredible cost that will 100% mothball the project. It's frustrating because one of the main reasons that Enbridge proposed a new path is because of consultations with
Indigenous peoples and to deal with environmental concerns.
This basically puts them, and the public utilities commission that will make the final call in June, between a rock and a hard place.