New Michigan panel to consider Great Lakes pipeline tunnel

→ See this before next week's Fed meeting (From Stansberry Research) (Ad)

TRAVERSE CITY, Mich. (AP) — A recently established state panel in Michigan could give final approval to a proposed oil pipeline tunnel beneath a crucial section of the Great Lakes.

The Mackinac Straits Corridor Authority is scheduled to meet for the first time Wednesday in St. Ignace.

The three-member panel is expected to consider recent agreements between Michigan Gov. Rick Snyder's administration and Enbridge Inc. The Canadian company wants to drill a tunnel through bedrock under the straits area connecting Lake Huron and Lake Michigan.

The tunnel would hold a new section of Enbridge's Line 5, which carries oil and natural gas liquids between Superior, Wisconsin, and Sarnia, Ontario.

It would replace a more than 4-mile-long (6.4-kilometer-long) dual segment of pipe that runs along the lakebed.

Environmental groups oppose the tunnel and want Line 5 shut down.

→ See this before next week's Fed meeting (From Stansberry Research) (Ad)

Should you invest $1,000 in Enbridge right now?

Before you consider Enbridge, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.

While Enbridge currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

Featured Articles and Offers

Search Headlines: