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

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.