Enbridge (ENB) Joins Indigenous Wind Partnership in Saskatchewan [Yahoo! Finance]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Yahoo! Finance
The initiative is designed to generate enough power for 100,000 homes and is scheduled to become operational in 2027. The project is supported by a C$100-million loan guarantee from the Saskatchewan Indigenous Investment Finance Corp. The collaboration marks the first time Enbridge has partnered with Indigenous communities on a wind farm, reflecting a broader trend among Canadian energy companies to engage with Indigenous communities, particularly when operations impact their lands. This strategy can help mitigate environmental and legal opposition, facilitating smoother project development. In 2022, Enbridge made a significant move by divesting a 12% stake in seven pipelines in Alberta to 23 First Nations and Métis communities for C$1.12 billion. This was part of a growing trend wherein companies like Pembina Pipeline Corporation PBA are partnering with Indigenous groups, such as the Haisla Nation, on projects like the British Columbia liquefied natural gas plant. The Canada gov
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ENB
Earnings
- 5/10/24 - Beat
ENB
Sec Filings
- 6/27/24 - Form 8-K
- 6/26/24 - Form 424B5
- 6/24/24 - Form FWP
- ENB's page on the SEC website