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The energy giant has a high yield, a strong business, and it's shifting along with the world around it.
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The energy infrastructure giant's evolution should continue.
According to a Reserve Bank of India report, mutual funds attracted 6% of household savings in FY2023 and less than 1% went into direct equities. [39] [40] [41] Almost 95% of household savings in India are held in bank deposits, including fixed deposit, provident fund, PPF, life insurance, and various small savings schemes. [39] [40] [41]
[22] Enbridge's ESG goals also aim to diversify its workforce with 28% representation from racial and ethnic groups and 40% from women by 2025. [23] In 2021, Enbridge was recognized as one of Canada's top 100 employers for the 18th time, and as one of Canada's best diversity employers for the seventh time. [24]
Enbridge Gas New Brunswick is a subsidiary of Enbridge that provides natural gas distribution in the Canadian province of New Brunswick.On December 4, 2018, Enbridge announced an agreement to sell Enbridge Gas New Brunswick to Liberty Utilities (Canada) LP, a wholly owned subsidiary of Algonquin Power and Utilities Corp., for a cash purchase price of CAD $331 million.
Construction of the Line 3 pipeline would help the Canadian oil industry increase their production and stabilize prices. Enbridge has argued that Line 3 would help meet the demand of Minnesota's oil refineries, [101] and they are not the only company hoping the pipeline is built. [102] Line 3 is seen as key to the Canadian oil industry. [102]
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