09:55:46 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Suncor Energy Inc
Symbol SU
Shares Issued 1,300,969,226
Close 2023-08-29 C$ 46.01
Market Cap C$ 59,857,594,088
Recent Sedar Documents

Globe says feds slam Suncor CEO's anti-green comments

2023-08-30 09:03 ET - In the News

The Globe and Mail reports in its Wednesday edition that recent statements by Suncor's CEO further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector, Environment Minister Steven Guilbeault said. A Canadian Press dispatch to The Globe says that Mr. Guilbeault told Canadian Press that the Aug. 15 comments by Suncor chief executive officer Rich Kruger were "disappointing," particularly in the middle of a summer when "tens of thousands of Canadians" were forced to flee wildfires and global temperatures hit record highs in July. "To see the leader of a great Canadian company say that he is basically disengaging from climate change and sustainability, that he's going to focus on short-term profit, it's all the wrong answers," Mr. Guilbeault said. "If I was convinced before that we needed to do regulation, I am even more convinced now." This fall, Mr. Guilbeault intends to publish draft regulations to cap emissions from oil and gas production. Oil and gas contributed 28 per cent of Canada's total emissions in 2021, and the oil sands alone account for 13 per cent. The Emissions Reduction Plan published in 2022 included a cut of more than 40 per cent to oil and gas emissions by 2030.

© 2024 Canjex Publishing Ltd. All rights reserved.