Fossil Fuel Company Enbridge: Climate Change Means We Need to Make Money Now, Not Later
The pipeline giant Enbridge is making a novel argument in defense of jacking up consumer prices: the climate crisis is heating up, so Enbridge needs to make higher profits now.

An oil refinery near the Enbridge Line 5 pipeline in Sarnia, Ontario, Canada. (Cole Burston / Bloomberg via Getty Images)
As Republican state officials insist that Canadian oil pipelines are necessary to lower energy costs for American consumers, the fossil fuel giant operating those pipelines is suddenly citing the climate crisis its products are creating as a rationale for raising those prices higher, according to new documents reviewed by the Daily Poster.
Last month, Ohio Republican governor Mike DeWine — who has raked in nearly $400,000 from fossil fuel industry donors — demanded the Biden administration keep open Enbridge’s controversial Line 5 pipeline, which runs under the Great Lakes, as a way to reduce energy prices.
But Enbridge just dropped a bombshell undercutting that argument: the firm told government regulators that climate change means its tar sands pipeline network only has nineteen years left of economic life. That assertion could allow the company to jack up the tolls that its customers pay to transport oil through its pipelines, because pipeline operators are authorized to recoup their operational costs through rate increases — and a shorter timetable means higher levies.