The village of Whistler, B.C. is seen as the sun sets on the snow capped mountains Friday, Feb. 3, 2012. THE CANADIAN PRESS/Jonathan Hayward

CIBC shrinks event after Whistler mayor irks oil producers

After Whistler sent a letter to a Calgary-based oilsands giant, several energy firms said they would back out of the CIBC event.

The ski resort town of Whistler, B.C., is learning that getting involved in the fight between environmentalists and oil companies can result in negative consequences.

Part of CIBC’s annual investment conference to be held in the community next month has been scrapped after the town council took part in a letter-writing campaign demanding oil companies compensate it for its costs related to climate change.

After Whistler sent a letter to Calgary-based oilsands giant Canadian Natural Resources Ltd., several energy firms reportedly said they would back out of the Canadian Imperial Bank of Commerce event.

CIBC has since decided to cancel the oil and gas part of its conference, although it says the rest will continue. According to an online agenda for the 2018 CIBC event, 43 of the 114 companies scheduled to present were either oil and gas producers or provide oilfield services.

In a statement, Roman Dubczak, CIBC managing director and head of global investment banking, says the Canadian energy industry is “a global leader of responsible energy development,” adding the bank is committed to its energy clients.

Whistler Mayor Jack Crompton issued a video apology late last week in which he says the town joined the letter-writing campaign with 15 other municipalities led by an environmental group to draw attention to the urgent issue of climate change.

“Our aim was never to make anyone feel unwelcome in Whistler,” he said. “I sincerely regret that anyone felt unwelcome here.”

He adds many people have pointed out that Whistler itself is a consumer of fossil fuels and says the town will do what it can to improve its own local climate change impact.

Read more: Natural Resources committee meets to talk about pipeline decision

Read more: B.C. halts northeast fracking operations while it investigates earthquakes

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Penticton film production seeking extras

Change of Pace is set to begin filming in Penticton Sept. 28

Veintimilla to run as Liberal candidate

The Oliver councillor will run for MLA of the Boundary-Similkameen riding

Okanagan temperatures hit 30 C by end of September

The autumn equinox takes place in the northern hemisphere on Sept. 22

Citing stability, B.C. Premier calls snap election for Oct. 24

John Horgan meets with Lieutenant Governor to request vote

Wanted man with violent past might be in Okanagan

RCMP asking for public’s help in locating Roy Andrew

COVID-19: 4 more deaths, 366 new cases in B.C. since Friday

A total of 8,208 people in B.C. have tested positive for COVID-19 since January

Reported Kelowna Hells Angels member dies in Fraser Valley motorcycle crash

Michael “Speedy” Christiansen was found dead on Monday morning near Ruby Creek on Highway 7

Four wanted individuals believed to be in Vernon

RCMP seek public’s assistance in locating three men and one woman

Vancouver Island sailor stranded in U.S. hospital after suffering massive stroke at sea

Oak Bay man was attempting to circumnavigate the world solo

Majority needed to pass COVID-19 budget, B.C. premier says

John Horgan pushes urgent care centres in first campaign stop

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

COVID-19 makes its mark on Shuswap schools, teachers and parents

Pandemic keeps more students than expected away from conventional schooling

Public health officials urge Canadians to limit contacts again as COVID-19 cases rise

Canada has committed $1 billion to buy at least 154 million doses of vaccines from five different companies

Vancouver Island family overwhelmed with 14 Lab puppies

Litter may be one of the biggest ever

Most Read