22:29:12 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Suncor Energy Inc
Symbol SU
Shares Issued 1,299,574,340
Close 2023-10-16 C$ 46.69
Market Cap C$ 60,677,125,935
Recent Sedar Documents

Globe says Suncor boss does 180 on anti-green message

2023-10-17 07:53 ET - In the News

The Globe and Mail reports in its Tuesday edition that Suncor remains committed to reducing its greenhouse gas emissions to net-zero by 2050, the chief executive officer has told a parliamentary committee, after suggesting in the summer that the company would not prioritize long-term energy transition. The Globe's Emma Graney writes that Rich Kruger was invited by the natural resources committee to testify Monday in Ottawa after he told an investor call in August that the Calgary energy giant should return to its roots as an oil company and focus on the business of low-cost production and maximizing profits. Federal Environment Minister Steven Guilbeault said it proved why the government needed to regulate climate action in the oil and gas industry. The parliamentary committee is investigating the steps Canada and the energy sector must take to keep net-zero plans on track. It contended that Mr. Kruger's comments threw into doubt Suncor's emissions-reduction commitments. Mr. Kruger dismissed that take on Monday, saying the company's plans to reduce emissions to net-zero by 2050 have not changed since he took over as CEO in April. "It's two things: It's good for business and it's the right thing to do," he said.

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