There's been lots of chatter since Suncor announced a $19.2 billion bid for Petro-Canada in late March, mostly about how the proposed merger will affect share and bondholders of the two energy giants. But what does the deal mean from an ESG perspective?
Investors are expressing significant concerns over the environmental impacts of the tar sands, which will be a major focus of the new joint entity. Analysts at Toronto-based Jantzi Research have taken a closer look and believe that ESG issues will be an important objective of the merged company. "The companies’ ESG policies and practices are similar and/or complementary in a number of areas, and this bodes well for strong ESG performance," the report states.
Visit the Jantzi website to read the report.
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