Published by Teresa on April 1, 2024
CALGARY, AB, April 1, 2024 /PRNewswire/ - Enbridge Inc. ("Enbridge" or "the Company") (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) for $3.1 billion, previously announced on December 13, 2023.
>> In Other News: Southwest Airlines Acquires Saffire Renewables and Strengthens Focus on Sustainability
This is an important milestone and Enbridge remains committed to working closely with Pembina to ensure the safe and reliable operation of the assets during the transition period.
The divestiture represents a key element of Enbridge's financing plan. The sale proceeds will fund a portion of the Company's strategic U.S. gas utilities acquisitions and be used for debt reduction.
>> In Company Spotlight: Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil, and renewable power networks and our growing European offshore wind portfolio. We are investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We are advancing new technologies, including hydrogen, renewable natural gas, and carbon capture and storage, and are committed to achieving net zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
SOURCE Enbridge Inc.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🎯 Carbon Clean Achieves Fabrication Milestone on Flagshipone With the Project’s First Carbon Capture Unit Module 🚍 Powering Clean Commutes: Ballard and Wrightbus Team Up for Hydr...
Inside this Issue 💰 FuelCell Energy Announces Debt Financing for Derby Power Projects ⚛️ Plug Power's Expansion Accelerates Green Hydrogen Economy 📝 Zefiro Registers its First Methane Reduction Pr...
Inside this Issue 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
LATHAM, N.Y., May 03, 2024 (GLOBE NEWSWIRE) -- [Plug Power Inc.](https://plugpower.com) (NASDAQ: PLUG), a _global leader in comprehensive hydrogen solutions for the green hydrogen economy_, announc...
Hyundai Motor Spearheads U.S. Zero-Emission Freight Transportation with NorCAL ZERO Project Launch
* Hyundai Motor celebrates the official launch of the NorCAL ZERO Project to bring zero-emission freight transportation to the San Francisco Bay Area and California's Central Valley * Hy...
Air Products to Showcase Decarbonization Solutions for Iron and Steel Production at AISTech2024
_Air Products Foundation will Donate up to $15,000 to the AIST Foundation_ LEHIGH VALLEY, Pa., May 2, 2024 /PRNewswire/ -- [Air Products](https://www.airproducts.com) (NYSE:APD) will showcase **...
Copenhagen Infrastructure Partners and Uniper Enter Hydrogen Partnership
**Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, and Uniper have signed a memorandum of understanding to strengthen collaboration on bringing green hydrogen from CIP’...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.