03:23:53 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Cenovus Energy Inc
Symbol CVE
Shares Issued 1,822,568,667
Close 2025-05-26 C$ 18.97
Market Cap C$ 34,574,127,613
Recent Sedar Documents

Globe says Suncor, rivals need to be called out on CCS

2025-05-27 06:54 ET - In the News

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

The Globe and Mail reports in its Tuesday edition that the opening of the Alliance gas pipeline 25 years ago gave Canadian energy companies access to new U.S. customers, aligning domestic prices with market rates and increasing provincial royalties. The Globe's Andrew Willis writes that it triggered growth in natural gas production and created wealth in Calgary. Tim Hodgson, then a Goldman Sachs banker, played a role in the project and now, as federal Energy Minister, he proudly recounts it as a key achievement. He is now challenging oil patch chief executive officers to work with him and deliver on long-promised projects, such as the Pathways Alliance's $16.5-billion carbon capture and storage (CCS) facility. The six oil sands producers behind Pathways Alliance, however, are now the blockers of CCS, as they are refusing to commit cash to it. Mr. Willis says if the industry still believes in the project, it is time to kick-start participation from the industry association's owners: Cenovus, Suncor, Imperial Oil, Canadian Natural Resources, Conoco-Phillips and takeover target MEG Energy.

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