CIBC Cuts Energy Program After Whistler Mayor Irks Producers
- Mayor asks Canadian Natural to help pay climate change costs
- Energy companies pulled out of conference, prompting CIBC move
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Canadian Imperial Bank of Commerce scrapped the energy portion of its annual investor conference in Whistler next month after requests by the resort town’s mayor for a major oil producer to help pay for the cost of climate change snowballed into a retreat by other energy firms.
CIBC’s conference has been a regular draw for companies pitching their businesses to investors in the shadow of the ski slopes of Whistler’s resort in British Columbia for more than two decades. A demand this year by mayor Jack Crompton means energy firms will be absent.