Enbridge Shifts Bulk of $30 Billion Investment to US Amid Canadian Regulatory Hurdles

Enbridge Inc., Canada’s largest pipeline operator, is directing approximately two-thirds of its C$30 billion ($22 billion USD) capital investment program toward opportunities in the United States, citing superior business conditions and fewer regulatory obstacles south of the border. CEO Greg Ebel made the announcement during an event in Toronto, emphasizing that policies under Prime Minister Justin Trudeau—including an emissions cap on energy producers, a carbon levy, a tanker ban off northern British Columbia, and prolonged approval processes—have diminished Canada’s competitiveness and driven capital flight.

This strategic pivot highlights a broader trend of Canadian energy firms favoring U.S. projects, where Enbridge sees stronger growth potential in natural gas transmission and infrastructure. The move comes amid recent job cuts at Imperial Oil, further underscoring the impact of regulatory barriers on domestic investment. Enbridge’s focus on the U.S. is expected to bolster its operations there while prompting calls for policy reforms in Canada to retain energy sector capital.