08:08:56 EST Sat 24 Feb 2024
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or Name

Cenovus Energy Inc
Symbol CVE
Shares Issued 1,885,468,600
Close 2023-11-07 C$ 24.61
Market Cap C$ 46,401,382,246
Recent Sedar Documents

Globe says Suncor, rivals hear the world is going green

2023-11-08 09:04 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that if governments around the world maintain the status quo on energy, we will see peak global demand for coal, oil and gas before 2030 -- and clean technologies will play a much stronger role. The Globe's guest columnists Nichole Dusyk and Jessica Kelly write that is according to the latest analysis from the International Energy Agency, which recently released its annual World Energy Outlook, or WEO, report. For Canada, the IEA research confirms it is time for governments to heed the signals and end public support to the fossil fuel industry. This includes eliminating subsidies for liquefied natural gas. Global demand outlook for natural gas (including LNG) has been progressively revised downward in the "stated policies" scenarios of each of the past four WEO editions. This year's report is also the second to project an absolute decline in global natural gas demand by 2030. If the WEO makes anything clear, it is that the future is in renewables and electrification. Public support, both in Canada and abroad, should flow only to long-term clean energy solutions such as solar, wind and electric heat pumps.

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