17:14:27 EDT Tue 10 Jun 2025
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Strathcona Resources Ltd
Symbol SCR
Shares Issued 214,235,608
Close 2025-04-21 C$ 25.60
Market Cap C$ 5,484,431,565
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Globe says Strathcona CEO sees feds dominating projects

2025-04-21 08:22 ET - In the News

The Globe and Mail reports in its Saturday edition that Prime Minister Mark Carney has lauded the oil industry's plans to reduce carbon emissions -- including the oil sands, where major producers, under the banner of the Pathways Alliance, have proposed a $16.5-billion carbon-capture project. The Globe's James Bradshaw and Mark Rendell write that Canada is not on track to meet its 2030 target of a 40- to 45-per-cent reduction from 2005 levels. Now the energy sector is worried about U.S. President Donald Trump restricting access to its main export market. Last month, 14 energy chief executive officers, including Pathways members, called for a host of policies to be scrapped to allow for expansion of fossil-fuel projects. Increasing production of oil and gas -- while reducing emissions -- will also be necessary to allow Canada to "dominate" the market in the long term, Mr. Carney said on April 9. Strathcona CEO Adam Waterous argues Mr. Carney's refusal to implement the CEOs' measures, should his Liberals win the election, would mean the end of private investment in major energy infrastructure. That could mean Ottawa would have to develop such projects, as it did with the Trans Mountain pipeline expansion.

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