Suncor Energy CEO Calls for Return to Oil-Centered Strategy, Shifting Focus from Energy Transition

Suncor Energy Inc.'s CEO Rich Kruger announced a strategic pivot back to an oil-centered business approach, emphasizing immediate shareholder value over long-term clean energy initiatives. Despite committing to net-zero emissions by 2050, Kruger believes prioritizing oilsands and traditional oil assets is essential for the company's competitiveness. This shift comes amid a backdrop of record global temperatures and climate change-driven disasters, drawing criticism from environmental groups.