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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

An Imperial Oil Ltd. refinery in Sarnia, Ontario, Canada

Photographer: Cole Burston/Bloomberg
Updated on

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.