Enbridge Energy drops plans for Sandpiper crude oil pipeline

Markets Associated Press

Enbridge Energy has dropped its proposal to build the Sandpiper crude oil pipeline.

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Enbridge attorneys notified the Minnesota Public Utilities Commission Thursday that the company won't pursue the regulatory approvals needed for the $2.6 billion Sandpiper, which would have carried North Dakota light crude across Minnesota to Enbridge's terminal in Superior, Wisconsin. They cited market conditions and other factors.

Calgary, Alberta-based Enbridge said back in February that it expected to push the start-up date for Sandpiper back until 2019 because of the need for an environmental review. Then last month Enbridge said it was investing in a different pipeline that would transport North Dakota crude south to Texas, and that it would re-evaluate Sandpiper once that deal was done.

Environmentalists fought the 616-mile pipeline, saying it threatened ecologically sensitive areas.