Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
The White House said on Nov. 9 it is not contemplating shutting down Enbridge Inc.’s Line 5 pipeline after Canada last month invoked a 1977 treaty with the U.S. to trigger bilateral negotiations over it.
Line 5 is at the center of a long-running environmental dispute between Calgary, Alberta-based Enbridge and the state of Michigan that has embroiled the Canadian and U.S. governments.
“We expect that both the U.S. and Canada will engage constructively in those negotiations,” White House spokesperson Karine Jean-Pierre told reporters.
She said those discussions should not be viewed as an indicator that the U.S. government was considering shutting down the pipeline.
“That is something that we’re not going to do,” she said.
The Line 5 pipeline ships 540,000 bbl/d of crude and refined products between Superior, Wisconsin, and Sarnia, Ontario, via Michigan, and is a key link in Enbridge’s Mainline network, which transports the bulk of Canadian crude exports to the U.S.
Michigan Gov. Gretchen Whitmer ordered Enbridge to stop operating the pipeline by May because of concerns a section running underwater in the Straits of Mackinac could leak into the Great Lakes. The company ignored that order and the two sides are in a legal battle over Line 5's fate.
Last month, the Canadian government, which backs Enbridge, escalated the dispute by invoking the decades-old pipeline treaty with the United States to trigger negotiations.
“Line 5 is a top priority for Canada,” said Lama Khodr, a spokesperson for Canada’s foreign ministry. “Canada’s objective remains to work with the U.S. in these formal treaty negotiations to seek a solution where Line 5 remains open and operating safely.”
U.S. President Joe Biden is planning to host an in-person meeting next week with the leaders of Mexico and Canada, the first of its kind in more than five years, sources told Reuters on Nov. 9.
Recommended Reading
SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’
2024-03-28 - In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”
SM Energy Declares Quarterly Cash Dividend
2024-03-26 - SM Energy’s dividend will be paid out on May 3 to stockholders on record as of April 19.
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.