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Suncor Energy (SU) Stock Slips, Announces Reduced Emissions

NEW YORK (TheStreet) -- Shares of Suncor Energy (SU) are falling by 0.44% to $27.38 in late afternoon trading on Friday, after the company announced it will be keeping greenhouse gas emission levels steady through 2030.

The Canadian oil-sands company plans to slash emissions per barrel by 30 percent, allowing Suncor Energy to stabilize its greenhouse gases at 21 megatons per year, the company stated. Without the emission reductions, greenhouse gases would increase to as much as 27 megatons, Bloomberg reports.

Suncor Energy acknowledged that the goal might be...