(Reuters) -Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell appeared via videolink before a House of Commons committee to answer questions on their efforts to cut emissions. Prime Minister Justin Trudeau's Liberal government is planning to introduce a cap on oil and gas emissions but faces stiff opposition from producers, who argue the legislation is unnecessary because Canada already has regulatory incentives in place, including a price on carbon produced by industry.
Suncor Energy (SU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Suncor (SU) sue by environmentalists for air pollution violations under the U.S. Clean Air Act at its Commerce City refinery from 2019-23.