10-day shutdown of Suncor Energy's oilsands mine in Alberta due to climate-related extreme weather could cost $56M daily, totaling over $500M in losses.

Climate-related extreme weather poses significant risk to oil and gas assets and production, with Suncor Energy Inc. estimating a 10-day shutdown of its Base Plant oilsands mine in Alberta could cost the company $56M per day, totaling over half a billion dollars in lost revenue. This financial risk highlights the broader exposure of the oil and gas sector to climate change events, such as fires and storms.