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Gregory L. Ebel

Gregory L. Ebel

CEO of Enbridge

Jul 9, 2026

3:08
Talk to me about the significance of what has taken place over the last couple of months since that speech.
3:14
Well, I, I think, um, I think the recognition has been out there that, and, and as you say, not always plainly spoken, that Canada's basically had a lost decade under the Trudeau government.
3:27
I think the prime minister would even say that, right? And has said that.
3:30
And, um, you take that, you throw on Iran, you throw on Venezuela, and shall we say some unpleasantness between the nations, Canada and the United States, and I think it's game on, and people have realized, you know, we- we're either gonna be on the track running or we're gonna be run over.
3:49
And so I think you see some moderation in attitudes towards conventional energy, which makes all the sense in the world.
3:57
That's what the fundamentals say anyways.
3:59
And then you also see governments trying to create structures.

23 MINS LATER

27:18
... you know, to reconcile?
6:21
So talk to me about how the changes in the world have affected Enbridge in the last few months.
6:26
You know, I saw Hamilton this weekend and there's that one song th- "When the US wins the American British Revolution, the world turned upside down." I think a lot of people may feel that way, but that's not what's going on.
6:38
It's more like energy transition has met realpolitik, which a big element is affordability as well, right? So now we got this fundamentally better balance of sustainability, affordability, and security.
6:52
And for us, frankly, it's actually consistent with what we always would thought.
6:58
We're gonna need all these sources of energy.
7:00
So, and I think Arsham would agree with that, we're not opposed to more renewables.
7:06
We're not opposed to new energy technologies, but we're also not opposed to continuing to use natural gas and oil, because in all circumstances each of those can be super valuable.

25 MINS LATER

32:22
This is already an industry that doesn't tend to move very fast, so how can we keep forward that momentum of innovation?

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