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Suncor Energy Inc
Symbol SU
Shares Issued 1,287,254,165
Close 2024-04-11 C$ 52.47
Market Cap C$ 67,542,226,038
Recent Sedar Documents

Globe says MEG, rivals see Alberta's net-zero in slo-mo

2024-04-12 07:04 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Globe and Mail reports in its Friday, April 12, edition that Alberta unveiled its Emissions Reduction and Energy Development Plan a year ago, which aims to achieve a net-zero target by 2050. The Globe's Emma Graney writes that the government, however, has released no details on how it plans to reach its target, nor has it completed an assessment to reduce the environmental footprint of various industries. Furthermore, the government has not established any of the plan's promised indigenous and youth consultation groups, examined lowering the oil sands emissions cap, or released any reports documenting its progress on any area of the plan. As a result, Pembina Institute director Simon Dyer believes that the United Conservative government's lack of tangible action indicates that it is not prioritizing emissions reduction. He says: "Decarbonization policy is economic policy. So, Alberta is placing its economy at risk if we fall further behind without a clear plan to reduce emissions and make our industries lower carbon and competitive in the coming net-zero economy." A year on, Mr. Dyer says it is "completely unacceptable that the government appears to have done so little work."

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