01:27:00 EST Fri 03 Jan 2025
Enter Symbol
or Name
USA
CA



Canadian Natural Resources Ltd
Symbol CNQ
Shares Issued 2,113,494,756
Close 2024-10-25 C$ 49.39
Market Cap C$ 104,385,505,999
Recent Sedar Documents

Globe says Suncor, rivals hear CGF talks speeding up

2024-10-28 08:53 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Monday, Oct. 28, edition that a federal financing agency has proposed backing a multibillion-dollar investment in carbon-capture technology by the Pathways Alliance. The Globe's Adam Radwanski and Emma Graney write that three unnamed sources say the offer to back capital costs for Pathways was recently made by the Canada Growth Fund (CGF). The CGF is a $15-billion entity created last year by Ottawa to support carbon capture, storage and utilization. Its previous talks with Pathways fizzled out before anything substantive was put on paper. The tabling of the new proposal took place after the CGF separately reached a deal in July to partner with Strathcona Resources, which is not part of Pathways. The CGF is citing that partnership as proof of its ability to get deals done with the industry and as a model for the Pathways proposal. The renewed engagement between the CGF and Pathways could signal progress in the $16.5-billion investment in carbon capture, which Pathways -- comprising Cenovus Energy, Suncor Energy, Imperial Oil, Canadian Natural Resources, MEG Energy and ConocoPhillips -- views as central to reducing greenhouse gas emissions from oil sands production.

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