08:57:35 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Athabasca Oil Corp
Symbol ATH
Shares Issued 586,017,374
Close 2023-07-21 C$ 3.45
Market Cap C$ 2,021,759,940
Recent Sedar Documents

Globe/wire say Suncor, rivals hear world still warming

2023-07-24 08:36 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Monday edition that the Group of 20 major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels. A Reuters dispatch to The Globe reports that scientists and campaigners are exasperated by international bodies' foot-dragging on action to curb global warming even as extreme weather underlines the climate crisis facing the world. Disagreements including the intended tripling of renewable energy capacities by 2030 resulted in officials issuing an outcome statement and a chair summary instead of a joint communique at the end of their four-day meeting. Fossil fuel use became a lightning rod in day-long discussions, but officials failed to reach consensus over curbing "unabated" use and argued over the language to describe the pathway to cut emissions, says two unnamed sources. A draft late on Friday reviewed by Reuters read, "The importance of making efforts towards phase down of unabated fossil fuels, in line with different national circumstances, was emphasized." Major fossil-fuel producers Saudi Arabia, Russia, China, South Africa and Indonesia are all known to oppose the goal of tripling renewable energy capacity this decade.

© 2024 Canjex Publishing Ltd. All rights reserved.