While promising to work toward “lower-carbon solutions,” Enbridge Inc. reported Friday that its mainstay North American oil and gas pipeline network stayed profitable and essential during the third quarter. In fact, the Calgary-based pipeline, utility and power giant grew during the period.

Enbridge Line 5

Current fossil fuel demand and price increases “underscore the criticality of affordable, reliable and secure energy supply for consumers and our social well-being,” said President Al Monaco. “The energy we deliver is critical to fueling quality of life in North America and globally and this will continue for decades to come.”

A major 3Q2021 landmark on Enbridge’s heritage fossil fuel side included completing the Line 3 oil pipe replacement project, adding 370,000 b/d of...