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Canada-based Enbridge divested its US-based assets of midstream and monetized some of its renewables business of approximately $2.4bn. The sale is part of Enbridge’s move to reduce debt. 11,900 miles of gas and NGL pipelines, 25 processing plants, 12 treating plants, an E/P fractionator and various liquid logistics are included in the assets sold. The firm has also sold its 49% stake in North American onshore renewable power assets.
