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Suncor Energy Inc
Symbol SU
Shares Issued 1,445,637,357
Close 2015-11-27 C$ 36.28
Market Cap C$ 52,447,723,312
Recent Sedar Documents

Globe says now we know why Suncor, others are smiling

2015-11-30 08:14 ET - In the News

Also In the News (C-CNQ) Canadian Natural Resources Ltd
Also In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Saturday edition that there they were, the captains of Alberta's oil industry, lined up alongside Alberta Premier Rachel Notley in Edmonton two Sundays ago as the climate plan was rolled out. The Globe's Eric Reguly writes that the bosses of Suncor, Shell, Cenovus and Canadian Natural Resources -- among the biggest emitters of planet-warming carbon dioxide -- were all smiling. To be sure, the plan is a remarkable achievement, exemplary even, for the biggest emitter of greenhouse gases in Canada. For all its progress, however, the new plan largely represents business as usual for the oil sands and will actually allow oil provincewide emissions to rise slightly between now and 2030. Never mind that the whole goal of the Paris climate change conference is to bring emissions down significantly in the next 10 to 15 years. The Canadian negotiating group face a big credibility problem in Paris. If Alberta's emissions are not brought down, Canada's intention to drop greenhouse-gas emissions by 30 per cent below 2005 levels by 2030 is doomed. The 100-million-tonne cap means emissions can by raised by more than 40 per cent. The Alberta plan includes no cuts to oil-sands emissions.

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