Wednesday, June 6, 2018

Trans Mountain deal fails to change Suncor position on Canadian competitiveness

The CEO of Suncor Energy Inc. says he will continue to avoid spending on large growth projects in Canada, despite the Canadian federal government’s move last week to purchase the Trans Mountain pipeline system. Several groups are opposing any oil and gas production and pipelines, but this would mean that Canada would be unable to afford its own environmental policies, while the other side wants zero limits on production, but are ignoring the consequences long-term to climate change.The CEO hopes to make Canada more competitive, especially in comparison to the United States.

Noel Corral

https://globalnews.ca/news/4257636/trans-mountain-suncor-business/

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