NDP wants Suncor CEO to tell MPs why company moving away from focus on clean energy

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

OTTAWA — NDP MP Charlie Angus will ask the natural resources committee to summon the CEO of oilsands giant Suncor when the House of Commons resumes next week. Angus said CEO Rich Kruger has a lot of explaining to do over his remarks to investors on a conference call in August. Kruger, who took over as Suncor CEO in April, said the company had a 'disproportionate' focus on the longer-term energy transition to low-emitting and renewable fuels. He said it needed to revise its direction toward the i

OTTAWA — NDP MP Charlie Angus will ask the natural resources committee to summon the CEO of oilsands giant Suncor when the House of Commons resumes next week.

"Today, we win by creating value through our large integrated asset base underpinned by oilsands," he said on Aug. 15. "We've had thousands of people displaced, millions of hectares of forest destroyed, large sections of North America covered in toxic smoke, and as everyone was talking about the urgency of dealing with this, we have Mr. Kruger saying the only urgency he sees is making as much money as possible," Angus said in an interview Monday.

Liberal MP and committee member Julie Dabrusin said she needs to discuss the motion with her colleagues before deciding whether to support it, but does feel companies need to show how they will make climate change action a priority."Oil and gas is the largest emitting sector in the country and meaningful action to decarbonize is a necessity to reach net-zero by 2050," she said in a written statement.

In an interview with The Canadian Press during last month's Liberal cabinet retreat in Charlottetown, Guilbeault said an oilsands company retreating from clean energy investments proves why the government needs to regulate climate action in the industry. The Pathways Alliance, a consortium of oilsands companies working together to install emissions trapping technology known as carbon capture and storage, has said that is an unrealistic goal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NDP wants Suncor CEO to tell MPs why company is shifting focus away from clean energyRich Kruger told investors last month the company was spending too much time transitioning to renewable fuels and needed to refocus on its core business of the oilsands
Source: globeandmail - 🏆 5. / 92 Read more »

NDP wants Suncor CEO to tell MPs why company moving away from focus on clean energyOTTAWA — NDP MP Charlie Angus says the head of oilsands giant Suncor needs to explain to a House of Commons committee why he's moving his company's focus away from clean energy.
Source: sudburydotcom - 🏆 6. / 89 Read more »

NDP wants Suncor CEO to tell MPs why company moving away from focus on clean energyOTTAWA — NDP MP Charlie Angus says the head of oilsands giant Suncor needs to explain to a House of Commons committee why he's moving his company's focus away from clean energy.
Source: SooToday - 🏆 8. / 85 Read more »

NDP wants Suncor CEO to tell MPs why company moving away from focus on clean energyOTTAWA — NDP MP Charlie Angus says the head of oilsands giant Suncor needs to explain to a House of Commons committee why he's moving his company's focus away from clean energy.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

NDP wants Suncor CEO to tell MPs why company moving away from focus on clean energyOTTAWA — NDP MP Charlie Angus says the head of oilsands giant Suncor needs to explain to a House of Commons committee why he's moving his company's focus away from clean energy.
Source: PGCitizen - 🏆 65. / 51 Read more »

NDP wants Suncor CEO to tell MPs why company moving away from focus on clean energyOTTAWA — NDP MP Charlie Angus says the head of oilsands giant Suncor needs to explain to a House of Commons committee why he's moving his company's focus away from clean energy.
Source: timescolonist - 🏆 15. / 75 Read more »