22:50:06 EDT Thu 17 Oct 2024
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or Name
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Cenovus Energy Inc
Symbol CVE
Shares Issued 1,857,330,139
Close 2024-05-14 C$ 27.55
Market Cap C$ 51,169,445,329
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FP/wire say former MEG CEO quick to find new gig

2024-05-15 09:42 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Financial Post reports in its Wednesday edition that Derek Evans officially stepped down as chief executive officer of MEG Energy at the end of April, but it did not take long for him to find a new gig. A Postmedia dispatch to the Post reports that His appointment as executive chair of Pathways Alliance, which is expected to be a two-day-a-week position, could require more time and energy to see the country's largest oil sands producers move forward with an ambitious $16.5-billion carbon capture network in Alberta. Mr. Evan said on Monday: "This was a piece of work that wasn't finished and wasn't done. And it's very important to me, personally and professionally, to get this across the line. ... I will do whatever it takes to make this thing happen. That's how important I think this is." MEG became one of the founding members in 2021 of the Pathways Alliance consortium of oil sands operators, along with Suncor Energy, Imperial Oil, Cenovus Energy and Canadian Natural Resources, later joined by Conocophillips Canada. The companies are working together to reach net-zero emissions by 2050. The initiative is essential for the oil sands industry, as well as the province and country, to reach net-zero targets.

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