After the incident, Suncor cancelled an oil sands operations presentation scheduled for next week, which was in part intended to showcase its actions and plans to improve its performance and safety record.
It is also rolling out collision-mitigation technology commonly used in the global mining industry across its entire oil sands operations, after a worker was killed and two others injured in January when two heavy trucks collided while driving up a mine ramp. As a result of the cut, overall annual production in 2021 came in about 1 per cent below the company’s target of 740,000 barrels per bay.
“Suncor is committed to achieving safety and operational excellence across our business, and we must acknowledge where we have fallen short and recognize the critical need for change,” board chair Michael Wilson said in a statement Friday.
So an activist investor largely decides that Suncor, a crown jewel of the Canadian energy industry, needs to chop its CEO because of a work related death. This is madness! So much for Canadian independence.
Damn, Pfizer, Moderna CEO’s didn’t resign. Or all our ‘safe and effective’ public health either.
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Source: financialpost - 🏆 7. / 85 Read more »