Shutdown of pipeline by governor of Michigan could spark economic crisis

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  • Global News published this video item, entitled “Shutdown of pipeline by governor of Michigan could spark economic crisis” – below is their description.

    There are concerns about the supply of oil to Canada after Michigan’s governor ordered the shut down of a critical pipeline by next week.

    Gov. Gretchen Whitmer is ordering the shutdown of Enbridge’s cross-border Line 5 pipeline, which transports crude and natural gas liquids from Alberta through Michigan and the Straits of Mackinac to central Canada.

    “You just can’t take 540,000 barrels per day out of the market and not have bad things happen, ultimately, to consumers and pet-chems (petrochemical plants) and refineries. It’s just a very bad outcome,” said Al Monaco, the CEO of Enbridge Inc. said on a conference call Friday.

    Michigan believes the pipeline is an environmental disaster waiting to happen, but as Jackson Proskow explains, the shutdown could spark an economic crisis.

    For more info, please go to https://globalnews.ca/news/7842829/enbridge-ceo-warning-line-5-shut-down/

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    In This Story: Canada

    Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

    Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

    Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

    As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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  • In This Story: Gretchen Whitmer

    Gretchen Esther Whitmer is an American politician serving as the 49th governor of Michigan since 2019. A member of the Democratic Party, she served in the Michigan House of Representatives from 2001 to 2006 and in the Michigan Senate from 2006 to 2015.

    On October 8, 2020, the Federal Bureau of Investigation thwarted a militia group’s kidnapping plot against her.

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  • In This Story: Monaco

    Monaco, officially the Principality of Monaco, is a sovereign city-state, and microstate on the French Riviera in Western Europe. It is bordered by France to the north, east and west, and by the Mediterranean Sea to the south.

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