Suncor Energy Reports Voting Results from Annual General Meeting
Suncor Energy held its Annual General Meeting in Calgary, where shareholders voted on various matters. Board members were elected, auditors were appointed, and the approach to executive compensation was approved. Shareholders denied resolutions regarding Suncor's Net Zero pledge and disclosure of climate transition scenarios. Suncor Energy is a leading integrated energy company in Canada, focusing on oil sands development, refining, power, and renewable fuels.
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Calgary, Alberta--(Newsfile Corp. - May 7, 2024) - Suncor (TSX: SU) (NYSE: SU) held its Annual General Meeting in Calgary today. A total of 877,654,867 shares (approximately
Shareholders voted as follows on the matters before the meeting:
- Shareholders elected the following eleven board members (ten of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows:
| Ian R. Ashby | |
| Patricia M. Bedient | |
| Russell K. Girling | |
| Jean Paul Gladu | |
| Richard M. Kruger | |
| Brian P. MacDonald | |
| Lorraine Mitchelmore | |
| Jane L. Peverett | |
| Daniel Romasko | |
| Christopher R. Seasons | |
| M. Jacqueline Sheppard |
- Shareholders appointed KPMG LLP as Suncor's auditors.
- Management's approach to executive compensation (say on pay) disclosed in Suncor's management proxy circular dated February 21, 2024 was approved with
87.18% of shares represented at the meeting voting in favour.
- The resolution requesting Suncor end its pledge to be Net Zero by 2050 was denied with
98.92% of shares represented at the meeting voting against the proposal, in line with management's recommendation.
- The resolution requesting Suncor disclose audited results assessing a range of climate transition scenarios was denied with
88.45% of shares represented at the meeting voting against the proposal, in line with management's recommendation.
Note: the biographies of Board members and further details about Suncor's corporate governance practices are available at suncor.com.
An archive of the webcast of the meeting will be available for the next 90 days at suncor.com/webcasts.
Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company's Petro-CanadaTM retail and wholesale distribution networks (including Canada's Electric HighwayTM, a coast-to-coast network of fast-charging EV stations). Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investments in power and renewable fuels. Suncor also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
For more information about Suncor, visit our web site at suncor.com
Media inquiries:
1-833-296-4570
media@suncor.com
Investor inquiries:
invest@suncor.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/208299
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