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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by Experiencedon Nov 26, 2023 9:04am
123 Views
Post# 35753282

RE:The FOG act

RE:The FOG actIt is my opinion that this legislation has Constitutional legs.  Historically. the legislation of electricity - rates etc - has been a provincial responsibility not Federal.

The one hook that the Federal Government has under the Constutional lies in the area of interprovincial and international trade.  In the case of Alberta, a very rough calculation, shows that interprovincial trade of electricity is under 5% of the total electricity produced which IMO is such a small number that it would hard for the Federal Government to claim Constitutional jurisdiction.

The Federal Government laws in this area are a clear overreach from a Constitutional perspective in the case of Alberta and probably most others. Curiously, one province where the interprovincial and international trade are fairly significant is Quebec since that province has 15 interprovincial and international grid connections.  Would be real interesting from a political perspective if Quebec enacted a law based on the proposed Alberta law to see what Trudeau would do.

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