The Hamilton Spectator

Safety record in the spotlight

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Experts say Suncor Energy Inc.’s recent safety track record is concerning and indicates there is a broader managerial problem at the company. Activist investor Elliott Investment Management wrote a letter last week calling for changes to Suncor’s board and a review of its executive leadership.

Elliott said in its letter that Suncor must overhaul its safety culture. Since 2014, there have been 12 workplace deaths at Suncor sites, which Elliott said is more than all of the company’s closest peers combined. Analysts say investors care about safety performanc­e because it’s an indicator of how well-run a company is. They say companies that have a high number of on-thejob injuries tend to have problems in other areas too, like production and efficiency.

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