20:52:24 EDT Sat 11 Jul 2020
Enter Symbol
or Name

Login ID:
Suncor Energy Inc
Symbol SU
Shares Issued 1,570,983,561
Close 2019-05-13 C$ 42.33
Recent Sedar Documents

FP says Husky, rivals hear Bill C-69 should be rejected

2019-05-14 09:31 ET - In the News

See In the News (C-HSE) Husky Energy Inc

The Financial Post reports in its Tuesday, May 14, edition that the Liberals' Bill C-69 passed last year and is now in the Senate. The Post's Diane Francis writes that the Senate should reject the bill because it will impose onerous consultative and other burdens that will severely hobble all energy projects in future. It grants power to the environment minister -- not the minister of natural resources -- over fossil fuel, mining, nuclear, pipeline, and rail transportation projects. The bill adds social burdens onto environmental or technological ones, and makes companies liable for outcomes. It could mean that resource companies can be taken to court if half their managers, workers or suppliers are not female or if the right proportion are not gay, immigrants, indigenous and physically or mentally disabled, too. The bill replaces the private-sector with a politically correct, sheltered workplace template where hiring is based on factors other than skills, education or work history. Obviously, resource development will stop cold. This is a bill written by economic ignoramuses who have no understanding as to why Canada enjoys high living standards and supports a generous social safety net.

© 2020 Canjex Publishing Ltd. All rights reserved.