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Enbridge seeks tax credits for push into hydrogen, carbon capture

Article content Enbridge Inc.’s push into new frontiers of the energy transition such as carbon capture and clean hydrogen production could use Canadian tax credits similar to those in the U.S., the company’s CEO said. North America’s biggest oil pipeline company, which for years has invested in wind and solar power projects, is also looking at gaining scale and becoming competitive in technologies such as hydrogen production using renewable electricity. To get there, it’s seeking incen...
United States Robert Tuttle Bp Plc Electricite De France Postmedia Network Inc Royal Dutch Shell Plc

Enbridge raises Line 3 replacement cost estimate by C$1 billion

Enbridge raises Line 3 replacement cost estimate by C$1 billion © Reuters/Dan Riedlhuber File of the Enbridge Tower on Jasper Avenue in Edmonton (Reuters) - Enbridge Inc on Friday forecast higher costs for its Line 3 replacement project citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons. The pipeline operator said it estimates capital costs for the Line 3 replacement project, including the Canadian segment already in service, to be C$9....
United States Sherry Jacob Phillips Shailesh Kuber Arundhati Sarkar Enbridge Inc On Enbridge Tower
Source: msn.com

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