- published: 02 May 2016
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Enbridge Inc. (TSX: ENB NYSE: ENB) is a Calgary, Alberta based company focused on three core businesses: crude oil and liquids pipelines, natural gas transportation and distribution, and green energy. The company has approximately 6,000 employees, mostly in Canada and the United States. The company was initially incorporated as Interprovincial Pipe Line (IPL) in 1949, shortly after Canada's first major oil discovery at Leduc, Alberta. The original pipeline was constructed to transport oil from western Canada to refineries in the east. IPL became Enbridge Pipelines in 1998. The Enbridge name is a portmanteau from "energy" and "bridge".
Enbridge operates the world's longest crude oil and liquids pipeline system, located in both Canada and USA. It owns and operates Enbridge Pipelines Inc. and a variety of affiliated pipelines in Canada and the U.S., and has an approximate 27% interest in Enbridge Energy Partners, L.P. (NYSE: EEP) which owns the Lakehead System in the U.S. These pipeline systems have operated for over 60 years and now comprise approximately 13,500 kilometres (8,400 mi) of pipeline, delivering more than 2 million barrels (320,000 m3) per day of crude oil and liquids. Enbridge is also the sponsor and manager of the Enbridge Income Fund.