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According to the Financial Times, the US has restricted the timeframe for air defense operations to allow oil tankers to pass through the Strait of Hormuz.September 12th - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 AM on Monday, September 14th, 2026. Lei Haichao, Director of the National Health Commission; Liu Jinfeng, Vice Director of the National Health Commission and Director of the State Administration of Traditional Chinese Medicine; Shen Hongbing, Vice Director of the National Health Commission and Director of the National Center for Disease Control and Prevention; and Guo Yanhong, Spokesperson and Vice Director of the National Health Commission, will introduce the decisive progress made in promoting the construction of a Healthy China and answer questions from reporters.September 12th - Large-scale volcanic earthquakes continue to increase at Tokachi-dake in Hokkaido, Japan. At 9:30 AM local time today (September 12th), the Sapporo Meteorological Observatory issued a crater warning, raising the eruption alert level from 2 to 3, and urging vigilance for large rock eruptions within approximately 3 kilometers of the crater. According to the Sapporo District Meteorological Observatory, large-amplitude volcanic earthquakes at Tokachi-dake have been increasing since September 17th, and around 8:20 AM today, a series of the largest volcanic earthquakes observed were recorded. Since March of this year, there have been continuous crustal movements indicating expansion deep within the mountain; since April, volcanic gas emissions have also increased, indicating increasingly active volcanoes, with a small eruption occurring in July.On September 12th, at the opening ceremony of the 2026 Pujiang Innovation Forum, the 2025 Directory of World-Class Scientific Journals was officially released. Based on the World Science Citation Database and the evaluation index system for world-class scientific journals, the China Institute of Scientific and Technical Information, in conjunction with relevant research institutions, selected and compiled the 2025 Directory of World-Class Scientific Journals, which includes 6,132 scientific journals from 55 countries and regions worldwide, covering 23 languages. Among them, 353 journals are from China.On September 12th, at the opening ceremony of the 2026 Pujiang Innovation Forum held in Shanghai, the National Natural Science Foundation of China (NSFC) Yangtze River Delta Basic Research Joint Fund Major Project was officially launched. This is an important measure following the expansion of the Shanghai International Science and Technology Innovation Center to include the Shanghai (Yangtze River Delta) International Science and Technology Innovation Center. It is understood that the Joint Fund Major Project will address the major strategic needs of the Yangtze River Delta region, support application-oriented basic research, strengthen the principle of "industry posing questions, science and technology providing answers," and explore a collaborative mechanism among the three provinces and one municipality of "unified funding, joint question setting, joint management, and joint answers to the same questions."

Suncor Energy and Elliot Investment Management Enter into a Contract

Haiden Holmes

Jul 19, 2022 10:38

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Monday, Suncor Energy (NYSE:SU) announced an agreement with Elliott Investment Management to propose three new independent directors, two of whom would participate on the CEO search committee and establish a new committee to oversee a strategic evaluation of Suncor's downstream retail business.


"These actions build on Suncor's ongoing efforts to enhance safety, reliability, and operational excellence and to restore its industry leadership position," the firm said.


Following the announcement, shares of Suncor jumped before giving up the majority of their initial gains and closing the day up 1.4%.


Suncor said that it will conduct a strategic examination of its downstream retail business in an effort to unlock shareholder value. According to a statement from Suncor, the evaluation would "study and evaluate a broad range of alternatives, including a potential sale of the firm and actions to maximize value."


A committee of independent directors, directed by Board member Russ Girling and composed of newly appointed members, will oversee the research and provide the Board with a proposal.


It is anticipated that the examination would end in the fourth quarter.


Suncor has appointed three new independent board members, effective immediately, as part of its agreement with Elliott. The board of directors now includes Ian Ashby, a former president of BHP Billiton's Iron Ore Customer Sector Group, Chris Seasons, a former president of Devon Canada, and Jackie Sheppard, a former executive vice president of Corporate and Legal Affairs of Talisman Energy Inc.


Kris Smith, Suncor's temporary chief executive officer, indicated that enhancing safety and operational performance is the leadership team's primary objective. "I look forward to working with the Board, including our new directors, to advance our efforts to generate long-term shareholder value, as well as to communicate our progress in accomplishing our debt reduction and other capital allocation goals, and in restoring confidence in Suncor."

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