The comments are a stark prediction in an industry that frequently downplays the impact of electrification
TORONTO — The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand on a similar scale to the coronavirus pandemic, Suncor Energy Inc’s chief executive said on Monday.
“While Canadian oil and gas will remain a significant part of the global energy mix for some time, we have to take advantage of new opportunities that offer attractive growth prospects,” Suncor CEO Mark Little said in an opinion article for Canada’s Corporate Knights magazine. The sector also faces mounting pressure from a growing number of investors who screen companies based on environmental, social and governance guidelines.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus Update: The truth about working from home might not be as bad as we thinkMay 30: Inside long-term care facilities, and a more aggressive China emerges during the pandemic
Read more »
Western Canada: Demand for camping getaways – even under pandemic restrictions – crashes reservation systemPrairie communities accept sacrifice ‘for the greater good’ as rodeo circuit idled by coronavirus threat
Read more »
Quebec records 37 new COVID-19 deaths, but adds 165 that weren't recordedQuebec public health authorities announced that 37 people have died of the novel coronavirus in the past 24 hours, but that 165 deaths were not counted due to a data transmission problem.
Read more »