Life takes energy. It heats our homes, fuels our transportation and lights up our cities.
Our role at Enbridge is to ensure we meet society’s need for secure energy supply—while, at the same time, reducing emissions and protecting the environment. We recognize that climate change is a global issue, and as the world transitions to more low-carbon energy sources, we believe that Enbridge is uniquely positioned to succeed and grow—both as North America’s leading distributor of oil and natural gas, and as a major player in the renewable energy business.
From our initial investment in a Saskatchewan wind farm, more than a decade ago, Enbridge’s renewable portfolio has grown to nearly $5 billion, with assets ranging from Sarnia Solar, one of Canada’s largest solar projects, to Neal Hot Springs, Oregon’s first commercial geothermal power facility. As one of Canada’s largest renewable energy companies, with nearly 3,000 MW of net capacity for projects either operating or under construction, our goal is to double our renewable generating capacity from late 2015 levels by 2019.
But the transition to a low-carbon future is about more than renewable investments.
We’re also growing our natural gas business as a bridge fuel to a lower carbon economy mix. Natural gas has great potential as a lower-carbon alternative for electricity generation. Of equal importance, it complements the growth of renewable energy through its ability to address intermittency. As owners of the largest natural gas distribution franchise in Canada, and the largest natural gas pipeline and processing system to the Gulf Coast, Enbridge continues to expand the availability of natural gas in North America, which is crucial to making the transition to low-carbon energy both feasible and cost competitive. On the consumption side of the equation—which is also critical to lowering emissions—our natural gas franchise has worked with customers to conserve 18 million tonnes of emissions since 1995, the equivalent of taking approximately 3.5 million cars off the road for a year.
Reducing the environmental footprint of our pipeline business is another important facet of Enbridge’s sustainability work. Global energy demand is expected to grow by 30% between now and 2040, and crude oil will continue to play a role in the energy mix in the coming decades. At the same time, we continue to enhance the efficiency and reliability of our pipeline network. We already purchase a third of the renewable energy produced by the Magrath Wind Power Project, which satisfies 13% of our pipelines’ total power requirements in Alberta. We’re also focused on reducing our own emissions and publicly disclosing our progress. Additionally, we’ll continue to advocate for carbon pricing policies that reduce consumption, and provide incentive for investment in technology and innovation.
Our purpose at Enbridge is simple—we help fuel people’s quality of life. Whether it's oil, natural gas or renewable power, we connect millions of people with the energy they need, and want, to fuel their everyday lives.