12:41:12 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Cenovus Energy Inc
Symbol CVE
Shares Issued 1,825,252,181
Close 2024-12-17 C$ 21.13
Market Cap C$ 38,567,578,585
Recent Sedar Documents

Globe says Suncor, others see final version of caps

2024-12-18 08:17 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that the federal government is pressing ahead with its contentious new rules to limit greenhouse-gas emissions from provinces' electricity grids, although they have been softened from its original proposal. The Globe's Adam Radwanski and Emma Graney write that the final version of the federal Clean Electricity Regulations -- which are effectively aimed at restricting the use of natural gas for power generation starting in 2035, unless accompanied by carbon-capture technology -- were released on Tuesday. The regulations have been billed by the federal government as a key component of Canada's path to net-zero emissions by 2050. First put forward in 2023, the rules prompted strong pushback from the governments of provinces that rely on fossil fuels for power generation -- particularly Alberta, Saskatchewan and Ontario. Ottawa sought to address those concerns with a series of changes to the draft regulations aimed at greater compliance flexibility. That includes increasing the maximum level of pollution for large generation facilities to remain operational past 2035. It will also allow the purchase of carbon offsets by utilities that continue to operate above that limit.

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