What is Enbridge doing about climate change?
We recognize that climate change is a global issue, and as the world transitions to more low-carbon energy sources, we believe that Enbridge is uniquely positioned to succeed and grow—both as North America’s leading distributor of oil and natural gas, and as a major player in the renewable energy business.
Enbridge’s renewable portfolio has grown to nearly $5 billion, with investments in wind, solar, geothermal, waste heat recapture and hydroelectricity. With nearly 2,000 MW of net capacity, our goal is to double our renewable generating capacity by 2019.
But the transition to a low-carbon future is about more than renewable investments. We’re also growing our natural gas business as a bridge fuel to a lower carbon economy mix. Natural gas has great potential as a lower-carbon alternative for electricity generation. Of equal importance, it complements the growth of renewable energy through its ability to address intermittency. As owners of the largest natural gas distribution franchise in Canada, and the largest natural gas pipeline and processing system to the Gulf Coast, Enbridge continues to expand the availability of natural gas in North America, which is crucial to making the transition to low-carbon energy both feasible and cost competitive.