00:38:52 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,209,654,411
Close 2015-04-09 C$ 64.22
Market Cap C$ 77,684,006,274
Recent Sedar Documents

Globe says Scotiabank CEO hopes for energy co-operation

2015-04-10 07:36 ET - In the News

The Globe and Mail reports in its Friday edition Canada's energy producers need to tap new markets abroad, but are being constrained by a frustrating pace of building the infrastructure needed to export oil and gas that is caused by bickering and political indecision, the Bank of Nova Scotia's chief executive officer says. The Globe's David Berman quotes Brian Porter as telling the bank's annual meeting in Ottawa on Thursday: "Global market access for Canadian energy must be a common objective that we pursue vigorously. Now is the time for leaders to come together." Difficult market conditions, coupled with delays affecting energy projects such as the Keystone XL pipeline to the United States and liquefied natural gas (LNG) in British Columbia are putting Canada's goal of becoming an energy powerhouse at risk, Mr. Ported said. Earlier this year, TransCanada CEO Russ Girling made a similar plea. The obstacles include environmental groups that are trying to limit the expansion of Canada's oil patch. In a paper released on Thursday, Environmental Defence and Greenpeace Canada said oil sands production must be curbed if Canada is going to meet its international commitment to cut greenhouse gas emissions.

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