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

Southern resident orca L41 considered missing and feared dead

The orca was last spotted in Aug. 2019 when photographed in western Strait of Juan de Fuca

WATCH: Sooke’s top stories

A round-up of this week’s top stories

West Shore Pickleball Association serves up idea for View Royal tennis court

‘We don’t have a place to call home’, says avid pickleball member

Indigenous youth arrested during 15-hour occupation to hold press conference Wednesday morning

The speakers are expected to condemn police, RCMP actions towards Indigenous people

Why one Langford teacher is giving his kidney to a stranger

‘You get butterflies in your stomach,’ says man who has had 12 reconstructive surgeries

VIDEO: Feds look to help 126 Canadians quarantined in China for coronavirus

China has confirmed more than 4,500 cases of the new virus, with more than 100 deaths

Off-duty Nanaimo Mountie takes down would-be ice cream thief

Suspect attempted to steal Dilly Bars from Dairy Queen location on Sunday

Nanaimo man hit with pole in dispute over off-leash dog

RCMP say no charges recommended at this time

Was there a tornado on Vancouver Island Monday?

Suspected phone app glitch gives eerie warning

Work has started on Malahat Skywalk, expected completion in 2021

$15-million project expected to open in spring, 2021

Sooke Minor Fastball to host coaching clinic

Clinic ideal for those planning to coach U6 to U18 teams

POLL: Are you concerned about the coronavirus?

The coronavirus which has sparked concern around the globe has now arrived… Continue reading

B.C. reports first coronavirus in Vancouver region

First patient visited Wuhan, China, reported symptoms

Most Read