Enbridge’s economic impact on Colorado
As the world’s population grows, we’ll need all forms of energy—crude oil, natural gas, renewables—to meet rising global energy demand.
As a company with both pipelines and wind turbines, Enbridge is delivering energy security while also pursuing company sustainability goals and driving transformation toward a lower-carbon economy. And we’re proud to deliver economic benefits in the states where we do business.
Enbridge’s presence in the community fuels quality of life through ongoing tax revenue. In 2020:
- Enbridge paid $849,000 in property tax across Colorado for our pipelines and related facilities, such as terminals, storage facilities and pump/compressor stations;
- Enbridge paid $25,400 in sales-and-use taxes across Colorado; and
- On a national scale, Enbridge paid $557.8 million in property tax, $110.2 million in corporate income tax, $34.8 million in sales-and-use taxes, and $49.6 million in other taxes (including franchise tax and payroll taxes) across the U.S., for a total of $752.6 million.
This revenue can be used for schools, infrastructure (roads and bridges), health and wellness, recreation, transportation and other services that help strengthen the fabric of the community.
Enbridge’s ongoing operations, and planned projects, continue to stimulate local and regional economies. Through procurement spending, we’re helping to create indirect employment, support local businesses, and establish economic spinoffs. In 2020:
- Enbridge’s capital expenditures in Colorado, on such items as pipe steel, equipment purchases and replacement, system integrity-related investments, and capital leases, totaled $28 million.
- Enbridge’s operating and administrative expenditures in Colorado, on such items as maintenance costs, equipment leases, power consumption, and field personnel salaries and wages, totaled $10.4 million.
- Across the United States, Enbridge’s capital expenditures totaled $2.59 billion, while our operating and administrative expenditures totaled $2.22 billion.
Enbridge is committed to supporting and strengthening the communities near our pipelines and facilities, and being a good neighbor means the world to us.
- In 2020, Enbridge invested $10,100 in community-strengthening initiatives across Colorado—and supported numerous not-for-profit agencies in the state—aligned to our three focus areas of health and safety, environment, and community.
- Across the U.S., Enbridge invested more than $6.6 million in communities near our pipelines, projects and facilities in 2020, supporting initiatives that focus on health and safety, environment, and community.
- Enbridge’s various employee-driven United Way campaigns across North America raised $5 million in 2020. That total, which includes employee donations, special events, and corporate matching, will help sustain community outreach, poverty reduction, and educational initiatives being coordinated by United Way chapters near Enbridge’s projects and operations.
- During 2020, Enbridge made a deliberate effort to advance our community investment dollars to respond and provide relief to the most vulnerable among us in the face of COVID-19. We worked closely with our community partners to identify where resources were needed most—including food banks, social service agencies, mental health organizations and first responders. Our employees pitched in by sewing cloth face coverings, 3D printing masks and organizing Personal Protective Equipment (PPE) drives for health-care providers.
- In January 2021, we launched the Fueling Futures program, unifying our approach to corporate citizenship and the ways we energize communities through corporate donations and strategic partnerships, sponsorships, and a robust employee volunteering and giving program.
Enbridge’s people live and work in communities like yours as colleagues, neighbors and friends. In 2021:
- Enbridge’s workforce included 7 Colorado-based permanent and temporary employees, and provisioned contractors, at year’s end; and
- On a national scale, Enbridge had an American workforce of 4,192 permanent and temporary employees, and provisioned contractors, at year’s end, and paid more than $355.9 million in total wages to our permanent and temporary employees in the U.S.
*—All amounts are based on annual forecasting estimates which, while reasonably accurate, may not align precisely with procurement spending totals reported elsewhere by Enbridge and may not reflect actual amounts spent.