Imperial Oil, MEG, Cenovus Push Back at Trudeau’s ‘Aggressive’ Carbon Plan
- ‘I don’t know how we get to 42%’ reduction: MEG CEO Evans
- Trudeau government has discussed emissions cap, trading system
An Imperial Oil Ltd. refinery in Sarnia, Ontario, Canada
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Some of Canada’s top oil executives are ramping up their opposition to Prime Minister Justin Trudeau’s goal of cutting emissions from the energy sector by 42% by 2030.
Brad Corson, chief executive officer of Imperial Oil Ltd., told analysts Friday the target is “very aggressive” and “stretches the capability of what is technically and economically feasible.” Imperial is a Calgary-based integrated oil producer that’s controlled by ExxonMobil Corp.