everyone. Hi Jonathan. Thanks
to is Just December bridge Day as we Enbridge we cleaner off the kicked here, of energy Enbridge how is with theme in a graphic a how future. really just of reminder the a begin
on So, that later. more
energy through financial the XXXX our update recap, markets, then you with outlook. and business on and our and I'm ESG current the perspective to a results begin take performance, followed going So, by will Vern
acquired the obviously business we though, Europe, model assets a our honed one It utility pipeline our transformational fulsome time export We years great in business five synergies another simplified that represents premier transmission we're selling franchise. crude our and in value, the expanded gas business. been fit number business large the business. and We've deal carbon us. was That And same in has gave gas lot of built liquids by structure First, XXXX Spectra financial utility us oil have natural our closeout and North acquisition. never didn't and and the at the We facility wind a America. position stronger. a of offshore low for way, the by since growth that driving at
the So the excited we're and business position, about is future. excellent in an
As about. had was solid catalyst operating record performance. that We you a closes been I saw delivered safety which this we journey five-year out what's in just another quarter, year and talking morning,
growth. DCF our $X.X that another carbon. and We crude value. of drove capital mainline of $XX top see Line big the strategy service. $X.XX, end X and throughput further of assets guidance we'll to includes service, included into low per which at ran Our That oil put billion and billion in share growth million full, made XXXX another systems Moda, good We export savings. non-core $XXX record EBITDA and secured the cost a of strong and With in LNG sold in billion on headway $X
in have Gas the to the of for This days that, XX growth, value, producers translated goes growth flow and did and XX warmer was came of for year We EBITDA the this over with continued particularly resource the generating new a than strong which consecutive prices XX top utility, at weather as cash XXX,XXX we're Eastern well. improved saw come positive decade. cash well, all the at free its franchise. made have peak and at tremendous into flow Texas but strong we wise. -- XXth netbacks visible increase these businesses. and past renewables couldn't year. utilization and And as this Now egress more time barrels Transmission value dividend it organic with up this of across better is
to on Energy Markets. Now
that surprisingly, and same What today our gas Not all, Northeast affordable as and, growth. witnessing fuel $XXX case month lack that's breakevens of you're One and energy recovery demand. challenges lives. advantages and inflation reality US behind American and The leading highlights energy is North to higher response reached brings bills which is area. seeing, higher in cutting driving course, time, hour several an conventional Just that's infrastructure. we're due normally, chase not costs in energy The will of Those heating but alone, importance strong large infrastructure the in the play LNG see the with energy in electricity American that times, what's export result economic to role is in of supply course, low megawatt underinvestment and last conventional for that middle And over supply reliable, ESG this renewables. we long-live years ahead competitiveness crude a North economic given crisis. And shortages, coastal on the will of both of global strategy. which in and our exports, significant this, we're reserves, a performance. prices a example
with conventional put will inventory after be totaling aligns billion annually We've billion was generating cash actually capital, view. XXXX and increase investments. and maintenance Of that that both to least are capability solid prioritize per projects investable ratable debt happening crisis, the a gradually flow billion year. just today dividends before constructive, and utility-like reinforces So low in deals, deploying will $X option, between through what's about cash asset and intensity more $X conventional of buybacks. and those next our while fundamentals low-carbon Moda-like proportion excess free and That and got capital and of organic energy very grow the low-carbon capacity in best share capacity. are view opportunities, $X billion energy to the to far growth, But disciplined growth, at including although the free capacity, we'll few the potentially our we'll $X will
gives side, On gas pursue utility. expand export and also out systems, in and which gas and pipelines that We'll our opportunities, to high and invest displace We'll with the continue growth businesses LNG coal modernize and build liquids namely is the thing The will our efficient also optimizations. nice And growth. hydrogen, well. capital as come support to renewables backlog renewables RNG, these infrastructure. conventional visibility we'll embedded positions us CCUS low-carbon
have conventional utility continues to growth, customers we're update. business new to of Moving The and the XX XX,XXX connecting annually communities.
now So, our the our of the rate we In expansion, improves projects of you billion as rates, we're another settlement to this modernization needed Transmission, emissions add much roughly on capacity pretty add we're and next fully expect which reliability Phase In the with two in sanctioned Northeast. day saw, Texas base business now is discussions in full. roughly program, totaling market barrels Appalachian our phase capacity in in And and $X X.X that we Line reduces Gas per of X shippers. liquids will Eastern of which ground, the million and million. running year. $XXX X with much
capital-efficient more unfolded. to volumes. on good on note, priority liquids looking Seaway add see and expansions attractive Flanagan on that Gulf is process are with we The we're highly returns. downstream here's These now tolling how come mainline to the So, egress the And path.
their us keeps that's the our land there's the CTS-like The arrangement check incentive couple service. shippers It of certainty in model past for us worked it phase another our either incents of here As in incentive sharing need the run shippers best make options, to is tolling well want consultation for or us. because business. goal add the on which very total aligns with they capacity. and a works and costs and you that and cost option sense and to information provides and We're toll to know, has and in
that's win-win the Now, day can CTS add illustrate low-cost earn challenging we we and up and, And of risk any FX barrels value lot course, Canada. Western return down. volumes take that of commensurate of of of we it's egress per a framework, and capacity move here, the capital well, that brought return. the been roughly all new to out a when during And on shippers cost term. To operating to if in service above we new manage X last million of
forward service earn good I the past in a equation While the we're it because worked comfortable risks minimizes of a return. both the well going under we'd and cost equally value has for parties, arrangement risk-adjusted mentioned
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we're million side contracted of facility, XX% export of per the X.X on capacity. day On the the barrels
our that to driven goal, petrochemical cost, seeing to shows in this and new any at contributing X can to global negative going the turn also and see also spot achieve developing key and are exports how actually We're to through terminals essentially interest catalyst that’s of at ammonia investment under scope the low supply course, and graphic of systems. so net access co-locating to and you demand, and X Gulf scenario hydrogen, here the see LNG, with Outside great to Houston And upstream up that the natural megawatts and we of heavy that Ingleside. more develop Ingleside. that's of to the is example power demand. We're than we're So, solar the feedstock -- It's oil early at Permian's be will PetChem by NGLs expanding X access abundant out. gas of for look reductions, exports meeting a continuing net-zero all opportunities. the Corpus, we
our high Cameron the after is to there Western We're there, expand Calcasieu on Gulf a projects up well, seeing transport demand strong Pass on We in development LNG locked we've facility, buyer also to have up. We Valley deal. LNG fourth LNG in great up end a US extension now little no exports. Canada pause We as picking in with interest Crossing. interest and of in With the contracting connecting momentum prices got PA several to project our plus just sight capacity. is bit LNG, local brought market just Texas
drive West system. that our So expansion Coast should on
In midyear. of by hopefully fact, we're T-South, billion we're season and expansion $X.X targeting now on working a an open
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for best our unlocking see momentum. essential know. we So And And runway. to flowing. to transition energy as franchises But assets great see our growth our transition that storage know for conventional take businesses investment have the as low-carbon a long here economy. as the our time, is gaining capital can transition growth you North energy all we because transportation is see outlook fact extend a us here, American The you opportunity markets. is to We that is are feed the the with can going
of our they So for with building we the execution we're path starting framework ripe a of where capital be that focused put already to wind need clarity the pace offshore to transition, to RNG investing is hydrogen actually and look carbon CCUS, are on to investment, number permitting accelerate we've projects. hydrogen form, billion decade that business CCUS accelerates. expect are we for we regulatory permit them ramp sign-posts; time they down are and about Global well. is see half and renewables, conditions to attractive and the of that markets the but We in We're scale a In flow certainty XXXX, we investment now line a including on but mature Through investment. decade. up at been where The take importance starting in underestimated. $X to of of slide. clear shorter some here will and not returns. second for and to and there assess and To of policy and time as the see construction, to potential the had as view more and
So areas. in renewables totaling carbon let's North including in wind America construction right We've low offshore run through got the projects France, key X.X XX in Solar South Power now, gigawatts. and
potential and offshore, Our Fecamp with XX foundations France XXXX and well our to first Large offshore at we see Nizar We're and well floating upwards on of in XXX late pilot for ISDs. this at the tracking megawatts floating on over of EDF. are and in XXXX half it’s now Calvados year. of Grand St. are schedule Provence underway
about early-stage the busy to America, we're in developments backlog, during gigawatts by across And on frothiness. In On we're period progress for million great XX of making development. projects franchise. we're construction, with several current another three this new working self-power, projects in can CCUS, see, our identified don't position As chase that's load, own our leveraging so North solar on X.X we've $XXX need service, and we of capital. you land
context full in view, as path fits key Now, of CCUS, storage and are here, efficiency, which with success scale proximity, solutions, capabilities. the our integrated and in drivers our
that development tons another on in from with of you with signed Capital is emission of capture hub circle Power the variety December, a MOU capture -- carbon year see to month, Wabamun Our map. we potential positioned over Lehigh emissions XX Cement. in the COX In last emitter mega an per the one
which anchor it the that's one So, make combined, XXXX. service global. Timing-wise, phased-in we would Wabamun, which to see of megatons close to XXXX between a four COX, could would largest
five to get project, full hope groups be in could Alberta With week, are in that government's the CCUS moving last partners equity forward our we're project that On landed technology, great this project. about with a indigenous RNG, rolling place, it's Important on that ball a we very established. we those port excited in So, the quickly. pieces through commercial the economics, with for partnership support, and space application hub, Alberta filed RFP and the on as know, them already we process. will just all you
but and are eight our RNG the utility XX three goal on in the North annual That's is gas over a those Tcf The at QX. earlier In similar is this. X% key with hydrogen, one in a of an in investment XXXX. prove larger map. Hydrogen the operating Gas Transmission, blending America's to of and early-stage by the across at much we're a in X term. mode operational point, our this Markham send larger with be there's developing first At out So, technology opportunity scale-up project, stage, went here, We're out a in into At by entire probably Quebec development. which potential is Evolution. Utilities, facilities, development RNG way, here Gas and facilities network. projects the construction green longer one foreign there's but in significant pilot to the
Finally, let's and we're scorecard the further. cover ESG moving ball our how forward
well. So, since we're and as absolute towards down our against target XX% XXXX XXXX our far. emissions well are Intensity is so doing emissions goal, emissions down
COX three full reduce by seven contract just pump example, facility. signing equivalent In XX% Liquids, XXXX long-term And year local operating facilities could of to our emissions that tons emissions will operation. power our with for for example, see in stations. a at For in reductions a utility modernize each about of solar we're XX% by first lowers GTM, power compressors XX,XXX south investments of the
three seen as those Of of course, capital goals our great all targets levels The sustainability-linked that done businesses, billion establishing to is past achieving progress actions these on including $X diversity, with of of we've within financing plans namely key and aligning at concrete compensation the Board. each linking while. we've taken, providers, we've organization, the our to the over at goals
four the but see previously you and targets Canadian and XX better. this. how the taking that already, here of And emissions illustrate our to behind by the reductions equivalent Scope we on the with net carbon set programs. renewables, here's tons set We've leading in So low to just we're past, goals down pathways now operations them metric contribution XX% mindset pack right conservation can X on COX in We get out met investing align and on a Scope Paris metrics, new with including our four zero. and conservation. We've fuels X with added
sustainability going on parties to to X We the after for the framework. building net supply foundation. developing we're work in our with zero enhancing integrating disclosures the innovation drive to our out guidelines chain partnerships this emissions. include how business. in into science-based way. across work That's a further our ESG to get third our We're we're develop Scope here's coming We're report. with midstream also scenario by next allocation We're So QX, our new capital sector. to And help low-carbon
that So like. looks here's what
every new targets. lines interim consider an long-term lens our we and investment First, ESG includes with in
plan emissions models so our future investments. Our investment factor we in targets, for
accounts rate against permitting and a transition test scenarios. for we range of regulatory new Our hurdle investments and risk
apply this acquisition, as a Our ESG allocating great capital. example how you recent Ingleside is lens heard, of we in
So for with Vern the pass that, to financial I'll it review. over
