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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 [email protected] Subscribe to WSJ:

Stock News for Imperial Oil (IMO)
01/04/201712:37:32Current Report Filing (8-k)
11/02/201612:47:06Quarterly Report (10-q)
10/31/201616:58:39Current Report Filing (8-k)
10/31/201616:55:36Current Report Filing (8-k)
10/28/201608:57:47Current Report Filing (8-k)
10/28/201607:56:00Déclaration de dividende - quatrième trimestre
10/28/201607:56:00Fourth quarter dividend declaration
10/28/201607:55:00L'Impériale dégage 1 milliard $ au troisième trimestre de 20...
10/28/201607:55:00Imperial earns $1 billion in third quarter of 2016
09/21/201616:23:47Current Report Filing (8-k)
09/09/201615:23:00Imperial to market Norman Wells assets
09/08/201611:30:00Imperial to hold 2016 Investor Day on September 21 in Toronto
08/03/201611:50:01Quarterly Report (10-q)
07/29/201609:25:33Current Report Filing (8-k)
07/29/201607:56:00Déclaration de dividende - troisième trimestre
07/29/201607:56:00Third quarter dividend declaration
07/29/201607:55:00L'Impériale déclare une perte de 181 M$ au deuxième trimestre de...
07/29/201607:55:00Imperial reports $181 million loss in second quarter of 2016
07/10/201622:00:00Canada's Oil-Sands Industry Girds for Leaner Times
06/22/201616:30:00Pétrolière Impériale poursuit son programme de rachat d'actions ex...

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