For the fossil fuel industries, 2016 has been a terrible year.

Amid historically low commodity prices and stricter environmental regulations, coal companies went bankrupt, oil and gas rig counts slumped, and utilities retired fossil generators like they’re going out of style.

But amid the struggles, one fossil asset class remains prized: gas pipelines. Earlier this month, oil giant Enbridge announced it would pay $28 billion for gas pipeline company Spectra, creating the largest energy infrastructure company on the continent.

— Utility Dive

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