10/16/2023 - WorldOra's Carbon News
Reuters reports - Suncor Energy (SU.TO) CEO Rich Kruger on Monday said the company remains committed to cutting carbon emissions, after his previous comments raised concerns Canada's second-largest oil producer was backtracking on its climate pledges.
Kruger, who appeared before a Canadian parliamentary committee in Ottawa to answer questions on Suncor's climate strategy, said in an earnings call in August that the company had put a "disproportionate emphasis" on the longer-term transition away from oil and gas to cleaner forms of energy.
Calgary-based Suncor is counting on carbon capture and storage and efficiency measures to help reach its climate goals. Last year, it sold its wind and solar business to focus instead on hydrogen and renewable fuels.
Canada is the world's fourth-largest crude producer, and Prime Minister Justin Trudeau's Liberal government has faced opposition from industry as it tries to introduce legislation to curb carbon emissions and overhaul the regulatory process for natural resource projects.