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Enbridge Seeking At Least Eight-Year Oil Shipping Commitments On Canada Mainline

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Canada’s Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told Reuters.The minimum term Enbridge Inc is seeking, previously unreported, is raising fears among small Canadian producers that they will lose out to bigger players, at a time when pipeline congestion has damaged the energy sector’s outlook. Three sources with knowledge of the confidential talks confirmed the minimum term. Enbridge has previously disclosed that the maximum term is 20 years under a plan that still requires approval from Canada’s National Energy Board. The company declined, in an email, to confirm the minimum term it is seeking, saying it is commercially sensitive information.
 

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one word: monopoly

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Yep. Enbridge is a North America leader in wind energy.  Profits from moving oil are being invested in wind power. Cicrle.

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