13:39:33 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Athabasca Oil Corp
Symbol ATH
Shares Issued 581,134,209
Close 2023-09-18 C$ 3.91
Market Cap C$ 2,272,234,757
Recent Sedar Documents

Globe says Suncor, rivals hear call to lower emissions

2023-09-19 08:00 ET - In the News

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

The Globe and Mail reports in its Tuesday, Sept. 19, edition that Natural Resources Minister Jonathan Wilkinson said Sunday on the eve of the 24th World Petroleum Congress in Calgary that oil and gas companies must do more to reduce their emissions. The Globe's Emma Graney writes that with demand for oil and gas forecast to peak for use in vehicles and combustion in the next decade, Mr. Wilkinson believes "countries that focus on producing ultra low-carbon" fossil fuels "are likely to be the last producers standing." Indeed, the International Energy Agency's June oil forecast says peak oil demand is in sight, with the fuel's use for transport likely to drop after 2026. However, the IEA noted, overall consumption will be supported by strong petrochemicals demand. Alberta Premier Danielle Smith shot back at Mr. Wilkinson's comments saying that the province owns its oil and gas reserves and will increase flows while lowering emissions as producers move toward carbon neutrality by 2050. Asked by media on Monday about her shot across the bow at Mr. Wilkinson, Ms. Smith called the federal minister's comments "tone deaf" and a "slap in the face" to attendees at one of the world's largest fossil fuel gatherings.

© 2024 Canjex Publishing Ltd. All rights reserved.