15:50:27 EDT Tue 31 Mar 2026
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Suncor Energy Inc
Symbol SU
Shares Issued 1,189,941,773
Close 2026-03-30 C$ 91.94
Market Cap C$ 109,403,246,610
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Globe says Cenovus, rivals seek regulatory overhaul

2026-03-31 07:06 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Tuesday, March 31, edition that Alberta business leaders are urging a comprehensive overhaul of project approval processes, including pipelines, to reduce regulatory and environmental burdens that hinder Canada's investment goals. The Globe's Jeffrey Jones writes that they advocate for streamlining regulations for all large developments, not just those deemed in the national interest by Prime Minister Mark Carney's government. The Business Council of Alberta said in a report on Monday that cumbersome federal regulations and political interference are discouraging investors from capitalizing on major Canadian industrial projects. The council made a series of recommendations it says will allow more big-ticket developments to be built faster, helping to meet Mr. Carney's target of $1-trillion in investments over the next five years. A big problem with the current system is that the ultimate decision on whether a project can proceed is in the hands of the federal cabinet, which makes the process inherently political after proponents have spent heavily through the regulatory and environmental approval process, said Cenovus Energy chair Alex Pourbaix, incoming chair of the council.

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