15:50:59 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Imperial Oil Ltd
Symbol IMO
Shares Issued 566,667,118
Close 2023-10-19 C$ 83.58
Market Cap C$ 47,362,037,722
Recent Sedar Documents

FP/CP say Suncor, rivals hear policy reset in the works

2023-10-20 09:15 ET - In the News

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

The Financial Post reports in its Friday, Oct. 20, edition that last week's ruling by the Supreme Court of Canada against large portions of the federal government's impact assessment law could reset the policy landscape in this country in favour of energy development, Canadian Association of Petroleum Producers chief executive officer Lisa Baiton said on Wednesday. A Canadian Press dispatch to the Post reports that Ms. Baiton said Canada's oil and gas industry has been subjected to "layer upon layer" of federal regulation in recent years. She described the cumulative effect of various federal policies such as the promised emissions cap for the oil and gas sector and the proposed clean electricity regulations as a "pancake-ing" of regulation that has scared away investment and ultimately harmed the industry. The federal impact assessment law, formerly known as Bill C-69, laid out a range of criteria for federal assessment of the environmental effects of major projects. Ms. Baiton said, however, that the legislation was overly broad, adding another layer of regulatory uncertainty and leaving many companies unwilling to invest in development out of fear their proposed projects would never gain approval.

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