What You Need To Know About The Company Behind The Michigan Oil Spill


If oil from an Enbridge Inc. pipeline reaches Lake Michigan, causing a “tragedy of historic proportions“, this heartland disaster might finally get some attention — which is bad news for the Canadian company.

ENB shares are down 4.5% since the spill on Monday night.

Enbridge could suffer more as American regulators track down a history of pipeline problems, including leaks, an explosion and dozens of regulatory violations, according to the AP. Regulators told Enbridge in January it was improperly monitoring corrosion on the pipe that sprung a leak.

Meanwhile Enbridge has a response website reminiscent of BP’s. Here’s a picture of the command centre:


Check out more depressing photos of the Michigan spill –>

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.