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Enbridge announces new pipeline spending, raises dividend

from CTV News

Enbridge 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 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. more


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