05:31:31 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Suncor Energy Inc
Symbol SU
Shares Issued 1,266,417,482
Close 2024-10-09 C$ 54.21
Market Cap C$ 68,652,491,699
Recent Sedar Documents

Globe says MEG, rivals stymied by rules and regulations

2024-10-10 08:41 ET - In the News

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

The Globe and Mail reports in its Thursday, Oct. 10, edition that Canada's energy sector is currently burdened by a complex set of rules and regulations, leading to a costly and inconsistent policy framework. The Globe's guest columnists Robert Asselin and Theo Argitis write that this situation poses the risk of prolonged legal disputes and a slowdown in investment. In the next few weeks, Ottawa is set to unveil draft regulations for capping emissions in the oil and gas sector, as well as finalizing clean electricity regulations aimed at achieving a carbon-neutral grid by 2035. Industry leaders have raised serious concerns about the potential negative impact of these policies on sector investment, particularly in decarbonization efforts. An earlier report by S&P Global estimated that the emissions cap could lead to a $60-billion reduction in capital investment over the next decade, representing a significant blow to the economy. The guest columnists say it is important for the government to be transparent about the economic effects of these measures, especially in relation to Alberta's economy.

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