financetom
Business
financetom
/
Business
/
Market Chatter: Enbridge Receives First Permits to Reroute It Line 5 Pipeline Around a Wisconsin Reservation
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Enbridge Receives First Permits to Reroute It Line 5 Pipeline Around a Wisconsin Reservation
Nov 15, 2024 11:18 AM

01:08 PM EST, 11/15/2024 (MT Newswires) -- Enbridge ( ENB ) received initial permits from Wisconsin regulators as it reroutes its Line 5 oil pipeline around a tribal reservation, Associated Press reported on Thursday.

The news agency said the Wisconsin Department of Natural Resources issued construction permits for the project, which will route the pipeline that carries 540,000 barrels per day of Canadian oil to refineries in Michigan and Ontario around the Bad River Band of Lake Superior Chippewa's reservation.

The company still requires additional permits from the Department of Natural Resources and the U.S. Army Corps of Engineers.

The AP said the tribe sued Enbridge ( ENB ) in 2019 to force the removal of the line from its reservation after land easements for the line on its lands expired in 2013.

Price: 59.18, Change: -0.49, Percent Change: -0.83

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2025 - www.financetom.com All Rights Reserved