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.

Just Posted

MacDuff’s Call: A fond memory, of an old-school teacher

A new year starts in Maple Ridge and Pitt Meadows

Flames lose first game of new season

Maple Ridge junior Bs host White Rock Whalers Friday night

Maple Ridge Bears group hosts public forum Monday

Critical time to keep bears away from human conflict

VIDEO: Vancouver Island mayor details emergency response after fatal bus crash

Sharie Minions says she is ‘appalled’ by condition of road where bus crashed

Federal party leaders address gun violence after weekend shooting near Toronto

One teen was killed and five people injured in the shooting

Conservatives promise tax cut that they say will address Liberal increases

Scheer says the cut would apply to the lowest income bracket

B.C. VIEWS: Cutting wood waste produces some bleeding

Value-added industry slowly grows as big sawmills close

Pedestrian struck and killed by vehicle in Surrey

Investigators were asking anyone who witnessed the incident to come forward

Fewer trees, higher costs blamed for devastating downturn in B.C. forestry

Some say the high cost of logs is the major cause of the industry’s decline in B.C.

Federal food safety watchdog says batch of baby formula recalled

The agency says it’s conducting a food safety investigation

Vancouver’s Tristan Connelly shocks the UFC world

Late replacement upsets big favourite Pereira, main event sees Gaethje stop Cerrone in round one

Most Read