These safety-conscious stocks remain buys

Article Excerpt

ENBRIDGE, $57.53, is a #1 Buy for 2021. The firm (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $114.0 billion; TSINetwork Rating: Above Average; Dividend yield: 6.0%; www.enbridge.com) operates pipelines that pump Western Canadian oil and gas to eastern Canada and the U.S. Investors also tap the company’s gas distribution for Ontario and Quebec consumers. The Alberta government has approved the company’s proposal to develop a carbon dioxide sequestration hub west of Edmonton. Under the proposal, Capital Power would capture carbon dioxide from its Genesee Generating Station in Warburg, Alberta. Enbridge would then transport the gas through its pipeline to the Edmonton storage hub. Lehigh Cement has also agreed to participate in the plan. It would capture carbon dioxide from its plant in Edmonton for storage at the hub. Enbridge hopes to eventually utilize that carbon dioxide for other uses and products such as additives for concrete, plastics, and fertilizers. The partners will continue to develop their proposal, including designing the facility so that it can expand…