I went to a demonstration yesterday, one that started April 30 in Jasper AB, but wound up here in Toronto in front of the King Eddie hotel. The annual Enbridge shareholders meeting was underway.
“Using data from Enbridge’s own reports, the Polaris Institute calculated that 804 spills occurred on Enbridge pipelines between 1999 and 2010. These spills released approximately 168,645 barrels (26,812.4 m3) of hydrocarbons into the environment.”
from the CEO’s address to Shareholders, yesterday (May 9/12):
“Put simply, 2011 may have been the best year ever for Enbridge.
We were the largest single contributor to the Toronto Stock Exchange Composite.
Our total shareholder return for 2011 was 40%.
Earnings per share grew by 11% and we increased our dividend by 15%.
Through the year we paid out $759 million in dividends.
We injected nearly $5.0 billion into the Canadian and US economies with our capital budget.
We were pleased with our strong safety and environmental performance in 2011.”