Suncor is a part of the Pathways Alliance, a consortium of oilsands corporations investing in carbon seize and storage expertise.
However, Suncor started retreating from renewable power even earlier than Kruger took over as CEO, shifting final yr to unload its photo voltaic and wind energy property.
Calgary Liberal MP George Chahal, who was lately elected chair of the pure assets committee, mentioned he hopes the assembly will deliver some readability in regards to the firm’s plans.
“I think it will be an interesting meeting having a CEO of a major oil company at committee, and I think it would be good to hear from his perspective on the direction of his company and the future of the energy industry and why he made the comments he did.”
Guilbeault is ready to publish draft laws later this fall setting a cap on greenhouse fuel emissions from oil and fuel, after which ratcheting that cap down over the subsequent decade.
The oil and fuel business accounts for greater than one-quarter of Canada’s complete emissions and the nation can not meet its local weather targets with out vital emissions reductions from the sector by 2030.
This report by The Canadian Press was first printed Oct. 16, 2023.
The Canadian Press
