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Enbridge: Growth in Renewable Power Is Huge, And It's Just Getting Started

Enbridge: Growth in Renewable Power Is Huge, And It's Just Getting Started
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The global push to reduce carbon emissions is strong, and it's hard not to have an emotional reaction to headlines about global warming. This is why Enbridge (NYSE: ENB) is starting out on its clean energy effort, while it can still count on material cash flows from its massive collection of carbon-based assets. Oil will remain one of the most important contributors to global energy for a long time, with demand expected to keep growing through 2040, despite the fact that its share of overall energy demand will shrink.