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Suncor Energy Inc
Symbol SU
Shares Issued 1,298,074,234
Close 2023-12-15 C$ 41.38
Market Cap C$ 53,714,311,803
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Globe says Suncor, rivals hear Canada nears GHG targets

2023-12-18 07:42 ET - In the News

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The Globe and Mail reports in its Saturday edition that a new review of Canada's progress in reducing greenhouse-gas emissions has found that the country is getting closer to achieving its international climate commitments -- although not quite as quickly as a recent self-assessment by Ottawa suggested. The Globe's Adam Radwanski writes that the report, released Friday by the Canadian Climate Institute, found that existing policies, plus those in the works, should result in emissions falling between 34 per cent and 36 per cent from 2005 levels by 2030. That would be within striking distance of the national target of 40 per cent. It also found that the country is on track to reduce emissions 19 per cent below 2005 levels by 2026, just shy of the federal government's interim target of a 20-per-cent cut by then. Anna Kanduth, who heads the Canadian Climate Institute's emissions-tracking project, said two sectors in particular are seeing slow progress and stand in the way of hitting the targets: oil-and-gas production and buildings. She said Ottawa needs to expedite its implementation of promised measures that are not yet in place. The Globe says the review mostly offers qualified optimism about national emissions.

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