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We participate in public policy discussions on energy and the environment, and regularly communicate with governments in jurisdictions where we operate. In doing so, we ensure that we comply with all political contributions and lobbying regulations, and report government interactions consistent with the law and company policies. Increasingly in Canada, public policy is developed through open and transparent processes, incorporating the expertise and perspective of a broad range of stakeholders. Suncor participates in these forums, bringing our industry perspective and a solutions-based mindset to advance responsible development.
We support governments taking a reasoned approach to policy development. We believe policy should be built on evidence-based information and perspectives. Constructive dialogue and sharing of information are critical in guiding our interaction with governments and stakeholders towards the development of practical policy solutions. These activities promote responsible development of existing and new energy sources. We aim to decrease the probability of reactive policy development by working to reduce polarized dialogue.
Our policy position with governments includes:
- applying a broad-based economy-wide carbon price
- encouraging a healthy debate about energy solutions
- understanding the role of advancements in research, technology and innovation
- considering energy development and distribution costs and benefits
- encouraging Aboriginal economic collaboration and capacity building
- developing vibrant, sustainable communities
- supporting Canada’s long-term prosperity
A snapshot of some of our thoughts and opinions follows:
Canada’s energy industry has a responsibility to navigate between the aspirational and the realistic, which for the oil sector specifically means continuing to keep the Canadian economy moving, through continued investment in existing energy supply and maintaining critical infrastructure. Policies should provide the certainty required to make necessary investment decisions and not lead to leakage of investment capital. There remains much work to be done to define a unified Canadian energy vision for 2050. The need exists for collaborative policy solutions that can advance our nation’s economic ambitions while preserving environmental integrity.