Feds try to reclaim $347M insurance payout to Suncor linked to Libya unrest - News Summed Up

Feds try to reclaim $347M insurance payout to Suncor linked to Libya unrest


Suncor says on its website that operations there continue to be impacted by political unrestA Suncor Energy Inc. logo is shown at the company’s annual meeting in Calgary on Thursday, April 27, 2017. The federal government is trying to reclaim $347 million in insurance paid to Suncor in the wake of political unrest in Libya. THE CANADIAN PRESS/Jeff McIntoshThe federal government is trying to reclaim $347 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya. The Federal Court ruling says Canada’s export credit agency wants to recover all $347 million, which includes interest, paid out in connection with the assets. Suncor, which did not immediately respond to a request for comment, says on its website that operations there continue to be impacted by political unrest.


Source: Libya Today August 02, 2023 19:51 UTC



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