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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)
04/29/201618:10:00La Pétrolière Impériale annonce les résultats de l'élection des...
04/29/201618:10:00Imperial reports voting results for election of directors
04/29/201617:33:38Current Report Filing (8-k)
04/29/201610:53:58Current Report Filing (8-k)
04/29/201607:56:00Déclaration de dividende - deuxième trimestre
04/29/201607:56:00Second quarter dividend declaration
04/29/201607:55:00L'Impériale déclare une perte de 101 M$ au premier trimestre 2...
04/29/201607:55:00Imperial reports $101 million loss in first quarter of 2016
03/11/201618:40:00Exxon's Imperial Oil Seeks Approval for New Oil-Sands Project
03/11/201618:28:00Exxon's Imperial Oil Seeks Approval for New Canadian Oil-Sands...
03/11/201607:55:00Pétrolière Impériale dépose des demandes réglementaires conc...
03/11/201607:55:00Imperial files regulatory applications for Cold Lake Expansion...
03/09/201606:05:16Current Report Filing (8-k)
03/08/201618:20:00Exxon's Canadian Unit Sells Gas Stations for $2.1 Billion
03/08/201618:16:00Exxon's Canadian Unit Sells Gas Stations for $2.1 Billion
03/08/201616:49:00L'Impériale vend les stations-service dont elle est toujours...
02/08/201617:23:09Statement of Ownership (sc 13g)
02/04/201614:30:00Suncor CEO Vows to Protect Dividend Amid Oil-Price Swoon
02/03/201623:10:00Canadian Oil Giant Suncor Energy Posts Loss
02/02/201611:35:33Current Report Filing (8-k)

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