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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 Subscribe to WSJ:

Stock News for Imperial Oil (IMO)
11/04/201511:53:37Quarterly Report (10-q)
10/30/201509:56:08Current Report Filing (8-k)
10/30/201507:56:00Déclaration de dividende - quatrième trimestre
10/30/201507:56:00Fourth quarter dividend declaration
10/30/201507:55:00L'Impériale dégage 479 M$ au troisième trimestre de 2015
10/30/201507:55:00Imperial earns $479 million in third quarter of 2015
10/29/201520:10:00Canadian Oil Sands Posts Net Loss
10/29/201515:20:00Canada's Suncor Energy on Hunt for M&A Deals
10/28/201521:30:00Canada Oil-Sands Giant Suncor Posts Loss
10/27/201519:37:07Alberta budget projects record deficit, no apparent letup for...
10/20/201514:30:36Canada's energy firms look on the bright side of a new Liberal...
10/19/201508:20:00Canadian Oil Sands Rejects Suncor Offer
10/14/201519:37:37Canadian energy stocks to turn red if Harper fails to win upcoming...
10/05/201514:34:00Suncor Launches Unsolicited Bid for Canadian Oil Sands -- Update
09/23/201518:50:00Imperial Oil Sees Output Gains from Oil-Sands
09/23/201511:45:58Current Report Filing (8-k)
08/07/201506:05:12Current Report Filing (8-k)
08/06/201517:45:00Nomination de la nouvelle vice-présidente principale et contrôleuse, F...
08/06/201516:02:00Imperial appoints senior vice-president, finance & administration...
08/05/201512:05:29Quarterly Report (10-q)

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