Rich Kruger was invited to the natural resources committee after he spoke to shareholders in August about refocusing the company on its oil business and reducing the emphasis on the transition to lower-emitting energy sources.Environment Minister Steven Guilbeault said Kruger's comments prove why Ottawa needed to regulate climate action and set emissions caps for oil and gas production since companies like Suncor weren't going to do it on their own.
However, Suncor began retreating from renewable energy even before Kruger took over as CEO, moving last year to sell off its solar and wind power assets. Guilbeault is set to publish draft regulations later this fall setting a cap on greenhouse gas emissions from oil and gas, and then ratcheting that cap down over the next decade.
Russian President Vladimir Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China's support for Moscow during its war in Ukraine.Russia's foreign minister will visit North Korea this week, the Foreign Ministry said Monday, days after the United States claimed Pyongyang had delivered munitions and military equipment to Russia for use in the fighting in Ukraine.
Source: News Formal (newsformal.com)
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