22:52:42 EDT Sun 05 May 2024
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Imperial Oil Ltd
Symbol IMO
Shares Issued 535,836,803
Close 2024-04-09 C$ 98.56
Market Cap C$ 52,812,075,304
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Globe/CP say Imperial Oil hears Goldie departing AER

2024-04-10 07:15 ET - In the News

The Globe and Mail reports in its Wednesday, April 10, edition that the board chairman of the Alberta Energy Regulator says he is stepping down from the job in September. A Canadian Press dispatch to The Globe reports that David Goldie says it is a good time to take on new challenges as he approaches the five-year mark at the watchdog agency. Mr. Goldie joined the AER in 2019 when the board was given the mandate to reform the organization's governance and make it more streamlined. He says he is satisfied with where the regulator is now and that it is on a good path forward. The AER has been criticized for how it informed the public and local first nations about the release of millions of litres of oil sands wastewater from Imperial Oil's Kearl mine in Northern Alberta in 2022. A third party report the agency commissioned determined the regulator followed its rules, but that those rules were significantly lacking. After that report was released in September, Mr. Goldie said the Kearl situation was unusual because it was not an emergency like a sudden pipeline break, but a seepage that happened over time.

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