Enbridge Inc. is excited to announce the successful election of all 12 nominated directors at its Annual Meeting of Shareholders. Shareholders voted in favor of the proposed directors during the regular business proceedings, as outlined in the Management Information Circular. This includes the appointment of Theresa B.Y. Jang, an experienced financial leader, to the Enbridge Board.
Theresa B.Y. Jang brings with her 30 years of financial leadership experience in mid- and large-cap publicly-traded companies. Currently serving as the Executive Vice President and Chief Financial Officer of Stantec Inc., a global engineering and design firm, she brings a wealth of knowledge to the Enbridge Board. Jang has also spent over 25 years in the North American energy infrastructure sector, further enhancing her expertise in the industry.
Pamela Carter, the Chair of the Board of Directors of Enbridge, expressed her enthusiasm for Jang’s appointment, stating, “We are pleased to welcome Theresa to the Enbridge Board. She has extensive financial and industry experience and will be an excellent addition to our Board.” Carter also took the opportunity to thank Dan Tutcher for his valuable contributions to Enbridge and wished him well in his retirement.
The detailed results of the vote for the election of directors are as follows:
Votes For | % | Votes Against | %
—|—|—|—
Mayank (Mike) M. Ashar | 1,082,076,746 | 97.30 | 30,079,487 | 2.70
Gaurdie E. Banister | 1,085,655,756 | 97.62 | 26,502,357 | 2.38
Pamela L. Carter | 1,031,918,005 | 92.79 | 80,240,020 | 7.21
Susan M. Cunningham | 1,078,290,433 | 96.95 | 33,868,445 | 3.05
Gregory L. Ebel | 1,068,719,348 | 96.09 | 43,439,694 | 3.91
Jason B. Few | 1,084,914,927 | 97.55 | 27,244,168 | 2.45
Theresa B.Y. Jang | 1,107,225,610 | 99.56 | 4,932,787 | 0.44
Teresa S. Madden | 1,079,696,594 | 97.08 | 32,461,101 | 2.92
Manjit Minhas | 1,106,126,350 | 99.46 | 6,032,741 | 0.54
Stephen S. Poloz | 1,085,448,802 | 97.60 | 26,710,293 | 2.40
S. Jane Rowe | 1,082,012,547 | 97.29 | 30,146,551 | 2.71
Steven W. Williams | 1,032,684,184 | 92.85 | 79,474,411 | 7.15
Enbridge Inc. is committed to safely connecting millions of people to the energy they rely on daily. With a focus on natural gas, oil, renewable power networks, and offshore wind, the company is investing in modern energy delivery infrastructure. Enbridge is also dedicated to advancing technologies such as hydrogen, renewable natural gas, and carbon capture and storage, with the goal of achieving net-zero greenhouse gas emissions by 2050.
Headquartered in Calgary, Alberta, Enbridge’s common shares trade under the symbols ENB on the Toronto and New York stock exchanges. To learn more about Enbridge and its initiatives, visit their website at enbridge.com.
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SOURCE Enbridge Inc.
Enbridge Inc. has recently announced the successful election of all 12 nominated directors at its Annual Meeting of Shareholders. The appointment of Theresa B.Y. Jang, an experienced financial leader, to the Enbridge Board has been warmly received. Jang brings with her 30 years of financial leadership experience in mid- and large-cap publicly-traded companies, including her current role as the Executive Vice President and Chief Financial Officer of Stantec Inc., a global engineering and design firm. Jang also has over 25 years of experience in the North American energy infrastructure sector, further enhancing her expertise in the industry.
The detailed results of the vote for the election of directors have been provided, indicating the overwhelming support received by each nominee.
Enbridge Inc. is a company committed to safely connecting millions of people to the energy they rely on daily. The company focuses on natural gas, oil, and renewable power networks, as well as offshore wind, investing in modern energy delivery infrastructure. Enbridge is also dedicated to advancing technologies such as hydrogen, renewable natural gas, and carbon capture and storage, with the goal of achieving net-zero greenhouse gas emissions by 2050.
Current Market Trends:
1. Increased Focus on Renewable Energy: The global energy landscape is shifting towards renewable energy sources, and Enbridge is investing in renewable power networks and offshore wind to keep up with this trend. Renewable energy is expected to play a significant role in the future energy mix.
2. Growing Demand for Natural Gas: Natural gas remains a crucial energy source, particularly for heating and electricity generation. Enbridge’s focus on natural gas positions them well to meet the growing demand.
Forecasts:
1. Continued Growth in Energy Infrastructure Investments: As the need for reliable energy transportation and delivery infrastructure increases, Enbridge is likely to see continued growth in investments in this sector.
2. Expanded Renewable Energy Portfolio: Enbridge’s investments in renewable power networks and offshore wind are expected to expand their renewable energy portfolio, contributing to future revenue growth.
Key Challenges or Controversies:
1. Environmental Concerns: Enbridge operates in an industry that faces ongoing scrutiny and public debate regarding environmental impact, particularly around oil and gas pipelines. Addressing environmental concerns is a key challenge.
2. Regulatory Uncertainty: The energy industry is subject to various regulatory frameworks that can create uncertainties for companies like Enbridge. Changes in regulations could impact the company’s operations and future growth.
Advantages:
1. Diversified Energy Portfolio: Enbridge’s focus on natural gas, oil, and renewable power networks provides a diversified portfolio, reducing the risks associated with relying on a single energy source.
2. Commitment to Sustainability: Enbridge’s dedication to advancing technologies like hydrogen, renewable natural gas, and carbon capture and storage, along with their goal of achieving net-zero greenhouse gas emissions, aligns with increasing global calls for sustainable practices.
Disadvantages:
1. Regulatory and Environmental Risks: Enbridge operates in a heavily regulated and environmentally sensitive industry, which exposes them to potential risks and challenges.
2. Market Volatility: The energy sector is subject to market volatility influenced by factors like global economic conditions, geopolitical events, and shifts in energy prices. Enbridge’s financial performance may be impacted by these market fluctuations.
For more detailed information about Enbridge Inc. and its initiatives, visit their website at enbridge.com.
(Source: Enbridge Inc.)