"White House Awaits Enbridge Pipeline Review Before Decision"

"The White House said it’s waiting on a study by the U.S. Army Corps of Engineers before deciding whether to wade into a debate over the future of a controversial oil pipeline that carries Canadian oil across the Great Lakes into Michigan.

The idea that the Biden administration is considering shutting Enbridge Inc.’s Line 5 is “inaccurate,” White House Spokeswoman Karine Jean-Pierre told reporters Monday, in response to news reports. Instead, the White House noted that the Army Corps of Engineers is reviewing a proposal by Enbridge to build a tunnel to house the pipeline under the waterway for safety reasons. That review will help inform any U.S. position on the pipeline, she said."

Robert Tuttle and Josh Wingrove report for Bloomberg November 8, 2021.

Source: Bloomberg, 11/09/2021