Environment Minister Steven Guilbeault says he is more convinced than ever of the need to regulate emissions in the oil and gas industry following a major oil company CEO’s comments about refocusing his company on oil production. Guilbeault is shown during an interview at the Liberal Cabinet retreat in Charlottetown, Tuesday, Aug. 22, 2023. THE CANADIAN PRESS/Darren Calabrese
Suncor CEO Rich Kruger told investors in a conference call on Aug. 15 that the company had a “disproportionate” focus on the longer-term energy transition to low-emitting and renewable fuels.
He promised a “revised direction and tone” focused more on the immediate financial opportunities in the oilsands.
Guilbeault says the comments were extremely disappointing in the middle of a summer when global temperatures hit record highs and climate change is exacerbating wildfires across Canada.
He also says they have furthered his resolve to introduce a cap on greenhouse-gas emissions from the oil and gas industry in a bid to force companies to ratchet down their carbon footprint.
The draft regulations that will identify where the cap will start and how quickly it will be lowered are expected in the fall.
This report by The Canadian Press was first published Aug. 29, 2023.
- 0015 Latus Viro0015 Latus Viro
- 0054 SIMSA Energy Forum0054 SIMSA Energy Forum
- 0053 Kingston Midstream Westspur Alameda0053 Kingston Midstream Westspur Alameda
- 0052 Predator Inspections0052 Predator Inspections
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0043 ALX ten sizes0043 ALX ten sizes
- 0039 Summit ESP Saskatchewan lower third0039 Summit ESP Saskatchewan lower third
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0004 Royal Helium PO Ad 02
- 9001
- 0002