Myles McCormick writes in The Financial Times about North American pipeline deals.
- In June Exxon bought pipeline operator Denbury for nearly $5 billion and now controls over 1,300 miles of pipelines which it will use to transport captured carbon to underground storage sites.
- Canadian pipeline company Enbridge recently bought Dominion Power’s natural gas distribution business for $14 billion. With the purchase Enbridge will invest in low-carbon natural gas while Dominion will turn its focus to renewables.
- Market signals and the private sector are leading the way to bringing more clean and innovative technologies online.
Read the full article here.