Suncor's revised focus on oil production proof of need for emissions cap: Guilbeault

📆 30/8/2023 3:05 AM
📰 YahooFinanceCA

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OTTAWA — Environment Minister Steven Guilbeault says he is more convinced than ever of the need to regulate emissions in the oil and gas industry, following a prominent CEO's comments about refocusing his company on oil production. Suncor CEO Rich Kruger told investors in a conference call on Aug. 15 that the company had a 'disproportionate' focus on the longer-term energy transition to low-emitting and renewable fuels. He promised a 'revised direction and tone' focused more on the immediate fin

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