Enbridge, Inc - ENB STOCK NEWS

Enbridge Inc. (TSX: ENB) (NYSE: ENB) will host a conference call and webcast on August 2, 2024, at 7 a.m. MT (9 a.m. ET) to discuss its 2024 second quarter results. The company will announce financial results before markets open on the same day. The call will include prepared remarks from the executive team, followed by a Q&A session for analysts and investors.

Key details for the webcast:

• Date: Friday, August 2, 2024
• Time: 7 a.m. MT (9 a.m. ET)
• North America Toll Free: 1-800-606-3040
• Outside North America: 1-646-307-1689
• Conference ID: 9581867

Enbridge is a leading North American energy infrastructure company, connecting millions to essential energy sources through its natural gas, oil, and renewable power networks.

An intergenerational STEM program in Saskatchewan introduces Cowessess First Nation learners to robotics and coding. The program, led by Nanan STEM Academy through the Saskatchewan Science Centre, involves ten students and their adult caregivers, emphasizing lifelong learning and family support. Over 18 months, participants, including a middle-school student and a grandmother, have developed skills in 3D modeling and video game design. The initiative, supported by Enbridge's $10,000 Fueling Futures grants and laptop donations, aims to build confidence and potential among participants. Enbridge also extended support to Piapot First Nation, reflecting their commitment to Indigenous communities. Future plans include integrating STEM programs into Cowessess schools and community events.

The Ensemble Theatre in Houston is nurturing future creative talents through diverse theatrical productions and educational programs. Since its inception in 1976, it has produced fifteen world premieres and over 100 regional productions, engaging more than 200 artists annually. The theatre emphasizes the importance of arts in developing confidence, communication, and teamwork among young performers.

Enbridge has supported The Ensemble Theatre for over 40 years, most recently with a $10,000 grant for the 2023 holiday production of 'A Motown Christmas.' The theatre also runs residencies and in-school programs, supporting youth aged 6 to 17 through its Young Performers Program.

Upcoming events include 'Pullman Porter Blues' from June 28 to July 28. Artistic Director Eileen Morris aims to create productions that bring families together and evoke strong emotional reactions.

Enbridge and EDF Renewables have inaugurated the first phase of the Fox Squirrel Solar project in Madison County, Ohio. With 1.4 million panels and 159 inverters, this project is one of the largest utility-scale solar developments east of the Mississippi. Amazon has committed to purchasing the full generation capacity to support its goal of 100% renewable energy by 2025. The initial phase generates 150 MW, with Phase 2 and Phase 3 expected to bring 250 MW and 177 MW respectively by the end of 2024. This project extends a 12-year partnership between Enbridge and EDF Renewables, previously collaborating on wind projects in Canada and offshore wind projects in France. Enbridge's operations in Ohio now span renewable power, liquids pipelines, gas transmission pipelines, and gas utilities, making significant contributions to Ohio's economic growth and renewable energy commitments.

Enbridge and Six Nations Energy Development LP, a consortium of Indigenous partners, announced plans for the 200-megawatt Seven Stars Energy Project in Saskatchewan. This wind energy project aims to generate emissions-free power for over 100,000 homes, with completion targeted in 2027. The project involves financial backing from the Saskatchewan Indigenous Investment Finance , enabling First Nation and Métis partners to acquire at least 30% equity ownership. The initiative is pending commercial agreements, environmental and regulatory approvals, and a power purchase agreement with SaskPower. Enbridge's involvement marks its first Indigenous wind energy partnership, aimed at supporting Saskatchewan's emission reduction targets and enhancing economic reconciliation.

Enbridge's recent Q&A, featured in their 2023 Sustainability Report, discusses the company's balance between climate goals and shareholder value. The Board, represented by Susan Cunningham, focuses on long-term investments in energy infrastructure while addressing global climate challenges. Enbridge's strategies include TCFD scenario planning to test their resilience. Their ESG framework emphasizes GHG emissions reduction, diversity, and safety, alongside transparency and governance.

Significant actions in 2023 include adopting a vision for planet-friendly energy, investing in renewables, and acquiring three U.S. natural gas utilities. Enbridge also made strides in Indigenous engagement, meeting 10 out of 22 commitments in their Indigenous Reconciliation Action Plan.

Enbridge has significantly supported welding students at Kishwaukee College through scholarships, equipment donations, and industry engagement. Since 2015, Enbridge has contributed $45,000 to the Kish Foundation's scholarship for welding students, helping five to ten students annually. In 2023, $450,000 in scholarships were distributed, and Kish's welding program saw a 20% enrollment increase.

Enbridge's support extends beyond financial aid. The company has donated essential equipment, such as a diesel truck in 2023, a crane truck and electric welder in 2021, and a pipe beveler in 2018. Additionally, Enbridge master welders visit the college yearly to provide real-world industry insights and demonstrations. This comprehensive support aims to empower the next generation of welders and contribute to the industry's development.

Enbridge celebrates its 75th anniversary with a renewed vision for a sustainable energy future. The company aims to provide energy in an eco-friendly manner through a diversified portfolio that includes natural gas, oil, and renewables. The recent acquisition of U.S. natural gas utilities, announced in September 2023, positions Enbridge as the largest natural gas distributor in North America.

Enbridge has made significant strides in ESG goals, including reducing emissions intensity and methane emissions by 40% from 2018 levels. The company exceeded its Board diversity targets and showed progress in employee representation from underrepresented groups, although challenges remain in diversifying further.

Safety and Indigenous inclusion are also focal points, with record performance in occupational safety and progress in Indigenous Reconciliation commitments. Enbridge remains committed to navigating economic and environmental challenges while aiming for long-term growth and sustainability.

Enbridge and its partners have inaugurated the 497 MW Fécamp Offshore Wind Farm located off the French coast. This project consists of 71 Siemens Gamesa turbines, each with a capacity of 7 MW. The farm can supply power to 770,000 people, covering 60% of the Seine-Maritime region's energy needs. It reflects Enbridge's commitment to renewable energy, aligning with France's goal of 33% renewable energy by 2030 and net-zero emissions by 2050. The project represents a €2 billion investment, created 3,000 jobs, and involves ongoing collaboration with local stakeholders for environmental monitoring and maintenance.