19:12:01 EDT Wed 15 May 2024
Enter Symbol
or Name
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Athabasca Oil Corp
Symbol ATH
Shares Issued 577,537,351
Close 2023-10-11 C$ 4.09
Market Cap C$ 2,362,127,766
Recent Sedar Documents

Globe/wire say Suncor, rivals see EIA issue forecast

2023-10-12 07:59 ET - In the News

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

The Globe and Mail reports in its Thursday, Oct. 12, edition that global energy consumption will likely increase through 2050 and outpace advances in energy efficiency, the U.S. Energy Information Administration said on Wednesday. A Reuters dispatch to The Globe reports that global carbon-dioxide emissions from energy will increase by 2050 in most scenarios, said the EIA. Non-fossil-fuel-based resources, including nuclear and renewable energy, will produce more energy through 2050, but that growth will likely not be sufficient to reduce global energy-related CO2 emissions under current laws and regulations, the EIA said. Global electric-power-generating capacity by 2050 is expected to increase by a range of 50 per cent to 100 per cent, and electricity generation by 30 per cent to 76 per cent. Electricity generation from renewables and nuclear could provide as much as two-thirds of global electricity generation by 2050, according to the EIA. Solar and wind show the highest levels of electricity generation growth. Meanwhile, coal and natural gas is expected to make up between 27 per cent and 38 per cent of power generation capacity by 2050, down from about half in 2022, the EIA said.

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