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Suncor Energy Inc
Symbol SU
Shares Issued 1,281,510,650
Close 2024-07-08 C$ 51.75
Market Cap C$ 66,318,176,138
Recent Sedar Documents

NP says Suncor, rivals can't be happy with Bill C-59

2024-07-08 07:07 ET - In the News

Also In the News (C-CNQ) Canadian Natural Resources Ltd
Also In the News (C-CVE) Cenovus Energy Inc
Also In the News (C-IMO) Imperial Oil Ltd
Also In the News (C-MEG) MEG Energy Corp

The National Post reports in its Saturday, July 6, edition that thanks to the mischief of NDP MP Charlie Angus the oil and gas sector's biggest players have been squelched. The Post's Donna Kennedy-Glans writes that Mr. Angus routinely hauls energy company chief executive officers into Ottawa for public scoldings. His successful push for a new "greenwashing" rule in Bill C-59 has achieved his desired effect. Several blue-chip companies, including the Pathways Alliance group of oil sands companies, have removed all content from their websites and social media. The Post says it is not because their content is wrong or misleading. The Post says the law is so poorly constructed that anyone with an axe to grind can harass companies with no end of frivolous litigation. Ms. Kennedy-Glans says she reached out to Brian Jean, Alberta's minister of energy and minerals, for his take on the new greenwashing rules. Mr. Jean says the Alberta-based energy companies he has spoken with about the "greenwashing" rule in Bill C-59 are afraid. The Post says there is a risk that all this hostility toward the oil and gas sector will spur energy companies to get their money out of Alberta and park it in a more friendly jurisdiction.

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