Enbridge Pipeline Reversal Earns BP's Ire, Suncor's Praise
- BP files complaint after Enbridge scraps new Mainline rules
- Canadian heavy crude prices surged most ever after reversal
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Enbridge Inc.’s decision to implement and then scrap new rules governing Canada’s biggest export pipeline system sent crude prices on a record roller coaster move this week, earning the pipeline operator both friends and enemies.
BP Plc filed a complaint this week with Canada’s National Energy Board saying Enbridge used an “unreasonable exercise of discretion” when it announced and then, 11 days later, canceled new rules governing the amount of oil that shippers were allowed to send through its Mainline system.