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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)
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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)
07/31/201510:46:22Current Report Filing (8-k)
07/31/201507:56:00Déclaration de dividende - troisième trimestre
07/31/201507:56:00Third quarter dividend declaration
07/31/201507:55:00L'Impériale déclare ses résultats financiers et d'exploitation es...
07/31/201507:55:00Imperial announces estimated second quarter financial and operating...
06/22/201516:40:00Pétrolière Impériale poursuit son programme de rachat d'actions ex...
06/22/201516:40:00Imperial continues existing share repurchase program
06/16/201517:30:07Current Report Filing (8-k)
06/16/201507:55:00Le projet d'expansion de Kearl mis en production plus tôt que...
06/16/201507:55:00Production from Kearl expansion project begins ahead of schedule
05/28/201513:38:15Specialized Disclosure Report (sd)
05/26/201518:45:00Imperial to meet Investors at the 2015 RBC Global Energy and...
05/26/201518:40:00Imperial to hold an Investor Day on September 23, 2015 at the...

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