Energy Pipeline Sustainability-Linked Bond Plan Gets Mixed Reviews

Energy Pipeline Sustainability-Linked Bond Plan Gets Mixed Reviews
·2 min read

Canadian oil and gas pipeline company Enbridge Inc. is pitching investors its sustainability-linked bond framework this week and receiving mixed reviews from analysts. The proposal, the first by a North American pipeline operator, is a litmus test for the fast-growing ESG investment product that Wall Street is hoping will fuel a bond issuing boom. Unlike green bonds, which earmark proceeds for particular projects, sustainability-linked bonds require that borrowers hit environmental and social ta

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