18:24:33 EDT Thu 16 May 2024
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Imperial Oil Ltd
Symbol IMO
Shares Issued 575,945,886
Close 2023-09-22 C$ 78.77
Market Cap C$ 45,367,257,440
Recent Sedar Documents

Globe says Suncor, rivals hear need for common ground

2023-09-25 08:38 ET - In the News

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

The Globe and Mail reports in its Saturday, Sept. 23, edition that last week Calgary hosted the World Petroleum Congress, while at the same time the United Nations held a Climate Ambition Summit. A Globe editorial says at the oil congress the emphasis was on oil. At the climate summit, the focus was lack of progress in addressing climate change. "Climate action is dwarfed by the scale of the challenge," said UN Secretary-General Antonio Guterres. He pointed blame at oil producers. It is a fact that the world will not instantly end its long dependence on the fossil fuels responsible for increasing levels of climate change. It is also a fact that oil producers have long sought to slow the shift away from fossil fuels. It is also a fact that oil companies do matter and that they deserve attention. However, what everyone else does matters just as much. About 80 per cent of the emissions from oil comes from burning the product. It cannot be free to pollute from the tailpipe of one's own car, while railing against oil companies. The gulf between oil and climate appears vast but the divide is less than it seems. The Globe says common ground can be found and that is where it says major progress can be made.

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