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Canada OKs Reversal of Ontario Oil Pipeline

By Edward Welsch CALGARY, Alberta--The Canadian government on Friday approved Enbridge Inc.'s (ENB) proposal to reverse the flow of its Line 9 oil pipeline from Sarnia to Westover in Ontario. The reversal will allow Enbridge customer Imperial Oil Ltd. (IMO) to feed its Nanticoke refinery with cheaper crude oil stocks from western Canada. It is also the first stage in Enbridge's plan to reverse the Line 9 pipeline all the way to Montreal, so that refineries there including one operated by Suncor Energy Inc. (SU) could also replace their current higher-cost imported crude oil feedstocks with western Canadian oil. Some environmental groups and citizens opposed the reversal at public hearings in May, saying they didn't want the pipeline's reversal to support the growth of the oil sands industry in Western Canada. Enbridge said in May the full Line 9 reversal could ship up to 240,000 barrels a day to Montreal by early 2014. Write to Edward Welsch at edward.welsch@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Imperial Oil (IMO)
DateTimeHeadline
06/22/201616:30:00Pétrolière Impériale poursuit son programme de rachat d'actions ex...
06/22/201616:30:00Imperial continues existing share repurchase program
06/06/201614:10:46Current Report Filing (8-k)
06/03/201618:34:00Imperial's Kearl operations return to normal, monitoring remains...
05/26/201609:10:27Specialized Disclosure Report (sd)
05/22/201622:30:00Evacuation Order Lifted for Some Canadian Oil Sites
05/21/201614:32:00Evacuation Order Lifted for Some Canadian Oil-Sands Sites
05/20/201616:00:00Alberta Wildfire Has Stopped Spreading, Officials Say
05/19/201619:59:00Cool, Wetter Weather Aids Firefighting Efforts in Canada -- Update
05/19/201618:48:00Imperial provides Kearl operations update
05/11/201601:50:00Canada Oil Sands Operators to Resume Production in 'Coming Days...
05/10/201613:15:18Current Report Filing (8-k)
05/09/201619:27:00Imperial provides Kearl operations update
05/06/201602:31:00Forest Fires Cut Into Canadian Oil Output -- Update
05/05/201619:51:00Fires Cause Drop in Canadian Oil Output
05/05/201618:23:00Imperial provides Kearl operational update
05/05/201618:20:00Fires Cause Drop in Canadian Oil Output
05/05/201618:14:00Fires Cause Drop in Canadian Oil Output
05/04/201618:58:00Canada Wildfires Force Evacuation, Hampering Oil-Sands Operations
05/04/201618:09:00Imperial Provides $100,000 to Assist Canadian Red Cross Emergency...

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