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Credit Lester Graham / Michigan Radio If Line 5 is still pumping petroleum through the Straits of Mackinac on Thursday, Michigan Governor Gretchen Whitmer has notified Enbridge Energy, she will consider all resulting profits to be property of the state of Michigan. That notice, contained in a letter Whitmer and Department of Natural Resources Director Dan Eichinger wrote Tuesday to Enbridge Executive Vice President Vern Yu, offers the first glimpse into Whitmer’s planned response if the Canadian oil giant follows through with a vow to defy state orders to shut down the pipeline. It comes as...

In light of Biden canceling the Keystone XL pipeline and...

The Daily Chase: Inflation fears rattle stocks (again); Michigan threatens Line 5 profits VIDEO SIGN OUT We can expect the debate around inflation to dominate markets again today, with the April U.S. consumer price index coming in hotter than anticipated at 4.2 per cent. Economists tracked by Bloomberg were expecting 3.6 per cent after a gain of 2.6 per cent in March. We saw U.S. market futures come under renewed pressure in the moments after the data were released this morning. Nonetheless, prominent economist David Rosenberg said in an interview with Greg Bonnell yesterday afterno...

Whitmer threatens profit seizure as Enbridge Line 5 closure deadline looms Updated May 11, 2021; Posted May 11, 2021 A Ballard Marine Construction boat tows an Enbridge underwater sonar vehicle to the site of Line 5 under the Straits of Mackinac on Thursday, June 9, 2016. (Garret Ellison | MLive.com) Facebook Share LANSING, MI — Michigan Gov. Gretchen Whitmer says the state of Michigan will attempt to seize any profits that Enbridge makes from operating the controversial Line 5 oil pipeline under the Straits of Mackinac if the company doesn’t comply with her order to shut the line down ...

Lynsey Mukomel LANSING – 28 entities – including 16 states and the District of Columbia, four Native American Tribes, six environmental organizations and the Great Lakes Business Network – have submitted friend of the court briefs in support of Michigan Attorney General Dana Nessel’s motion to remand in State of Michigan, et al v Enbridge Energy, et al. The briefs support the State’s right to enforce its own laws in its own courts. “We are grateful to the long list of Attorneys General, Governors, tribes, and organizations for their support in our fight to have this case tried ...