Enbridge Inc. is announcing $1.8 billion in new investments, including the $265-million purchase of pipeline and terminal assets in northern Alberta from oilsands producer Athabasca Oil Corp.
The Calgary-based pipeline, utility and power company says it will also spend $600 million US to buy a 22.75 per cent interest in the Gray Oak Liquids Pipeline, which is under construction and expected to deliver light crude oil to Corpus Christi, Texas, starting in late 2019.
https://www.cbc.ca/news/canada/calgary/enbridge-spending-pipelines-2019-1.4941120
