Pressing of oil to a letter written by Whistler Mayor, B.C., has led to the cancellation of the proportion of a high profile investment conference held in the mountain community.
In a recent letter, Whistler Mayor Jack Crompton asked the head of Canada's natural natural oils and natural resources to commit to his "fair share of Whistler's climate change costs".
After the charity was published this week, a number of companies decided that they would not participate in the investment conference, held in Whistler by Imperial Imperial Trade Bank.
CIBC then told Olwpatch clients on Friday that he would not make them choose between the conference and "do what is right."
"Over the past few days, we have been in discussions with many of you about the letter sent by the Mayor of Whistler recently to one of their industry peers," wrote Roman Dubczak, managing director of CIBC and head of global investment banking, wide, in an email received from CBS News.
"In recognition of your collective frustration and justification, we do not want to put you in a position of choice between our conference and do what is right. We therefore eliminate the oil and gas presentation stream of & # 39; n conference program. "
Dubczak said CIBC was also looking at the "long term location of our organizational investor conference in West Canada." (He is usually known as the Whistler Institutional Investors Conference, the collection in its 22nd year and attracts investors and organizational companies from different sectors, not just the energy industry.)
Taxpayers pay 100% of costs & # 39;
This debate came to light this week when the Crompton letter went to the public.
"Taxpayers currently pay 100% of the costs associated with their product," said Crompton, President of Natural Resources Canada, Tim McKay in a letter dated November 15.
"Communities around the world are increasingly expecting you to take responsibility for your products."
In a Facebook video posted on Thursday, Crompton said he was regretted if the letter made anyone feel unlikely. He acknowledged that the community relies on fossil fuels and has its own responsibility to respond to climate change.
Canadian Natural Resources confirmed Friday that he had withdrawn from the conference in the mountain community, for January 23-26.
McKay said he would welcome the opportunity to sit down with Crompton to discuss his letter.
"We are taking these concerns seriously," McKay wrote on Friday in a three-page letter provided to CBS News.
"Canada's oil and natural gas are an important part of the solution to reduce global greenhouse gas emissions."
Earlier in the day, other companies confirmed that they would not travel to Whistler for the conference.
- Cenovus Energy said in a statement that he would not attend because "we need to take a stand against the unfounded unsafe attacks on our industry that can not recognize the huge focus that the industry oil and gas put on emission reduction. "
- A spokesman for Gibson Energy told the WBQ News that the company "had chosen to withdraw from the Whistler conference in 2019 in a show that is compatible with industry and customers."
- Cam Proctor, chief executive officer of PrairieSky Royalty, said on Friday that his company would not be involved too.
"We believe there is a lot of information about the energy business in Canada," says Proctor.
"We can only do it from our company's point of view to try to teach Canadians, but one thing we can do is volatilely with our feet, so we have decided not to go Whistler this year. "
Links between B.C. politicians and the oil sector of Alberta have recently been rocky, due to a large extent of perspectives in the construction of the West Mountain Mountain pipeline expansion.
The police government and provincial government of Alberta believe that the pipeline needs to relieve the goods and give more options – and better prices – for Canada crude.
The litigation concerns include the risk of more bitumen sticking on tankers, and about the impact that the production of oil grows would have on climate change.
In his letter, Crompton said climate change was a major concern to the community. He said climate modeling shows that temperatures are expected to increase in winter and resulting in increased rainfall in the valley.
Due to the risk of fire, the borough budget includes a $ 1.4 million investment in community wild defense – a commitment that it expects to have to do for at least the next four decades.
We depend on fossil fuels & # 39;
In the video release Thursday, Crompton said that Whistler was one of another 15 B.C. boroughs that took part in the environmental-led public relations campaign.
"Our intention was to join that call to act; our goal would never make anyone feel unlikely in Whistler," he said.
"We recognize that hundreds of thousands of Canadians work directly and indirectly in the oil and gas sector and they are very proud of their work Do we know that you are facing challenging times.
"Because so much has told me over the last few days, we are a Canadian consumer of energy. Whistler recognizes as a community that we are dependent on fossil fuels.
"We have a responsibility to respond to and make our own climate change challenge".
"At the end of the day, I think it is irresponsible irresponsible if a borough goes to huge costs due to climate change and do not get this talk, because otherwise they go past those costs altogether for taxpayers, "said Andrew Gage, leading a lawyer with West Coast Environmental Law.
Albertans wants to push back, says Solberg
Monte Solberg, former Conservative minister of the Conservative of Alberta, said he was "a bit surprised" to hear that companies ban for the Whistler conference but he was pleased to see companies pushing back and protecting their industry.
"I think many people have wondered why some of these companies have gone along so far," he said.
Solberg said Albertans were slow to anger, but they are at the point where they want to push back.
"We certainly have been a great customer of British Columbia," he said.
"So, one of the few ways in which we can really make the point, it's like to say you know we will not buy your stuff. I come to your destinations and that's what some people do. "