Published

Climate-related extreme weather puts oil and gas assets, production at risk

  • Suncor Energy Inc. Filed a disclosure document concerning a potential 10-day shutdown of its Base Plant oilsands mine due to extreme weather.
  • The shutdown could incur $56 million in daily losses, totaling over half a billion dollars.
  • Oil and gas infrastructure faces increased risks from severe weather events, which may lead to production outages and rising gasoline prices.
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