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

Provincial government responds to Ryder Lake bad internet complaints

Anne Kang, Minister of Citizens’ Services, responded to a pair of letters sent to Victoria

Chilliwack Search and Rescue kept busy on B.C. Day long weekend

Six callouts in 10 hours Friday continued a trend of more outdoor enthusiasts needing help in 2020

Fraser Valley Bandits release top forward Cameron Forte

A team leader through four games of the CEBL Summer Series, Forte has been cut loose

The Happy Hiker, Art Lengkeek, recognized with bench and plaque on Mount Cheam trail

The 88 year old is a familiar sight on trails throughout the Fraser Valley and beyond

QUIZ: How much do you know about British Columbia?

On this B.C. Day long weekend, put your knowledge of our province to the test

VIDEO: Otter pups learn to swim at B.C. wildlife rescue facility

Watch Critter Care’s Nathan Wagstaffe help seven young otters go for their first dip

Fraser Valley Bandits clinch playoff spot with win

Bandits down Niagara River Lions 70-57 on Sunday, improve to 3-2

Alleged impaired driver sparks small wildfire near Lytton after crash: B.C. RCMP

Good Samaritans prevented the blaze from getting out of control

Travel restrictions inspiring co-operation in border communities

Small border towns are asking for exemption to travel ban

B.C. First Nation adopts ‘digital twinning’ software to better manage territory

Software allows users to visualize what a mountain might look like if the trees on its slopes were logged

All inquiry recommendations implemented after fatal Port Hardy RCMP shooting: Ministry

The Independent Investigations Office of B.C. cleared the RCMP officers involved of wrongdoing

VIDEO: One wounded in Maple Ridge gun battle

Two vehicles reportedly traded shots while driving down street

Most Read