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CNQ - Canadian Natural Resources News Story

C$24.37 0.7  3.1%

Last Trade - 04/08/20

Sector
Energy
Size
Large Cap
Market Cap £16.55bn
Enterprise Value £29.85bn
Revenue £12.72bn
Position in Universe 26th / 2677

Canada's oil producers need climate targets to draw investment, Trudeau says

Wed 13th May, 2020 4:21pm
May 13 (Reuters) - Oil producers need to set clear targets
to fight climate change to draw global capital, Canadian Prime
Minister Justin Trudeau said on Wednesday, as major investors
stepped up restrictions on transactions involving the Canada's
carbon-instensive oil sands. 
    "We've seen investors around the world looking at the risks
associated with climate change as an integral part of investment
decisions they make," Trudeau told reporters, adding that many
companies in the energy sector understood the investment climate
is shifting. 
    "There is a need for clear leadership and clear targets to
reach on fighting climate change to draw on global capital."

 (Reporting by Jeff Lewis
Editing by Chizu Nomiyama)
 ((Jeff.Lewis@thomsonreuters.com;))
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