Enbridge’s economic impact on Colorado
Tax revenue
Enbridge’s presence in the community fuels quality of life through ongoing tax revenue. In 2023:
- Enbridge paid $702,500 in property tax across Colorado for our pipelines and related facilities, such as terminals, storage facilities and pump/compressor stations.
- Enbridge paid $159,100 in sales-and-use taxes across Colorado.
- On a national scale, Enbridge paid $608.1 million in property tax, $163.8 million in corporate income tax, $71.4 million in sales-and-use taxes, and $48.1 million in other taxes (including franchise tax and payroll taxes) across the U.S., for a total of $891.5 million.
This revenue can be used for schools, infrastructure (roads and bridges), health and wellness, recreation, transportation and other services that help strengthen the fabric of the community.
Economic spinoffs*
Enbridge’s ongoing operations, and planned projects, continue to stimulate local and regional economies. Through procurement spending, we’re helping to create indirect employment, support local businesses, and establish economic spinoffs. In 2023:
- Our capital expenditures in Colorado, on such items as pipe steel, equipment purchases and replacement, system integrity-related investments, and capital leases, totaled $3 million.
- Enbridge’s operating and administrative expenditures in Colorado, on such items as maintenance costs, equipment leases, power consumption, and field personnel salaries and wages, totaled $7 million.
- Across the United States, Enbridge’s capital expenditures totaled $1.74 billion, while our operating and administrative expenditures totaled $3.65 billion.
Community investment
Enbridge is committed to supporting and strengthening the communities near our pipelines and facilities, and being a good neighbor means the world to us.
- In 2023, through our Fueling Futures program, Enbridge invested $25,000 in community-strengthening initiatives in Colorado. We supported numerous not-for-profit agencies across the state aligned to our three focus areas of safe communities, vibrant communities and sustainable communities.
- Across North America, through our Fueling Futures program, Enbridge invested more than $17.3 million to more than 4,000 organizations in communities near our pipelines, projects and facilities in 2023 through grants, sponsorships, and employee volunteering and giving.
- Enbridge’s various employee-driven United Way campaigns across North America raised $4 million in 2023. That total, which includes employee donations, special events and corporate matching, helps sustain community outreach, poverty reduction, and educational initiatives being coordinated by United Way chapters near Enbridge’s projects and operations.
- In 2023, through our Safe Community First Responder Program, we donated nearly $725,000 to 122 American emergency responder organizations located near Enbridge’s projects and operations; these donations are earmarked for safety equipment, professional training or safety education programming that keeps communities safe.
Our workforce
Enbridge’s people live and work in communities like yours as colleagues, neighbors and friends. In 2023:
- Enbridge’s workforce included 23 Colorado-based permanent and temporary employees, and provisioned contractors, at year’s end.
- Enbridge paid more than $2.1 million in base pay to our Colorado-based permanent and temporary employees—much of that injected directly into the state economy.
- On a national scale, Enbridge had an American workforce of 4,189 permanent and temporary employees, and provisioned contractors, at year’s end, and paid more than $395 million in base pay to our permanent and temporary employees in the U.S.
*—All amounts are based on annual forecasting estimates which, while reasonably accurate, may not align precisely with procurement spending totals reported elsewhere by Enbridge and may not reflect actual amounts spent.
