06:51:44 EST Sat 24 Feb 2024
Enter Symbol
or Name

Cenovus Energy Inc
Symbol CVE
Shares Issued 1,885,468,600
Close 2023-11-15 C$ 24.51
Market Cap C$ 46,212,835,386
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Globe says Suncor, rivals hear emissions still climbing

2023-11-16 07:53 ET - In the News

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

The Globe and Mail reports in its Thursday edition that Canada is among the countries falling short on key climate targets as emissions continue to climb. The Globe's Ivan Semeniuk writes that a recent assessment by the Canadian Climate Institute (CCI) found that rising emissions from the oil and gas industry are undercutting Canada's progress made in other sectors. The result is reduced credibility at the negotiating table. "Despite significant climate policy in the country, other countries have a hard time looking beyond Canada as a major oil producer," said CCI economist Dave Sawyer. The bulletin comes just days after Canadian company GHGSat launched the first commercial satellite to monitor industrial sources of carbon dioxide, a development that could lead to greater accountability for emitters. In global terms, experts say there is little time left to change course on emissions without the planet experiencing significantly higher temperatures in the coming decades. In a study published last month in Nature Climate Change, a British-led group found that the remaining carbon available to be burned without exceeding 1.5 degrees of warming will be used up in just six years at current emission rates.

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