US files court statement to support Enbridge in Michigan pipeline case
Sept 19 (Reuters) - The Trump administration has sided with Canadian pipeline operator Enbridge ENB.TO in its legal battle against Michigan, filing a court statement last week that challenges the state's efforts to shut down the Line 5 oil pipeline.
Enbridge has been locked in a long-running dispute with Michigan over the aging Line 5 pipeline, which ships 540,000 barrels per day of crude and refined products from Superior, Wisconsin, to Sarnia, Ontario.
The Calgary-based company is proposing to build a roughly 4-mile (6-km) tunnel for the pipeline, which crosses through the Straits of Mackinac in the Great Lakes.
The project faces opposition from Native American tribes and environmental groups, who fear it poses a risk to the Great Lakes.
Enbridge said in a statement that it remains confident in the Michigan Public Service Commission's permitting process, which approved the tunnel project.
Related Articles
Investing in Artificial General Intelligence (AGI)
AGI promises transformative productivity and economic gains but carries unprecedented technical, ethical, and social risks.Significant exposure comes through tech giants, semiconductor leaders, and cloud infrastructure providers, fueling AGI research.
Investing in Edge Computing
Edge computing complements the cloud by reducing latency, saving bandwidth, and enhancing privacy for real-time applications. Growth is fueled by IoT expansion, 5G rollout, AI integration, and enterprise digital transformation.
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
ASML Q2 FY2025 Earnings Review: Strong Growth and High-NA EUV Breakthrough Shadowed by 2026 Uncertainty
ASML Holding N.V. (NASDAQ: ASML) released its Q2 FY2025 earnings on July 16, 2025, exceeding market expectations with robust net sales and net bookings, though the stock fell around 10% due to cautious guidance for 2026 amid geopolitical uncertainties.
