Business / Nature
Add as a preferred source on GooglePathways is a proposed multibillion-dollar initiative in Alberta.
Enbridge expressed interest on Nov. 6 in constructing a carbon dioxide pipeline for Pathways, Alberta’s proposed carbon capture and storage project. The multibillion-dollar initiative is intended to lower greenhouse gas emissions tied to Canadian oil.
Distributable cash flow and adjusted EBITDA rose from a year earlier, while operating cash flow declined.
Noncash derivative valuation changes lifted reported earnings, while adjusted earnings and distributable cash flow also rose.
Investors recorded on Nov. 13 qualify for the distribution; that is also the shares’ ex-dividend date.