Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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

Suncor Energy Inc. > Jim Farley: EV adoption will take longer than expected

<< Previous

Bullboard Posts

Next >>

Comment by MigraineCallon Jul 28, 2023 11:26am

108 Views

Post# 35561622

RE:RE:RE:Jim Farley: EV adoption will take longer than expected

Correct. All part of the bait and switch.

When they eventually figure it out, you can expect road taxes to be added to those charging costs as well. Users will have to pay proportionally to useage somehow.

jx7000 wrote: Migrane, you said, "...your EV will help you save money on energy/fuel cost to offset all the other losses"

That may be for now but you can't expect those charging costs to stay as they are now. The politicians and energy cos. are going to extract a pound of flesh once they see the potential for higer revenue. And even if 95% of the N.Am./S.Am./Euro car markets changed over to EVs, there will be absolutely no effect on the climate. This was witnessed during the worldwide Covid shutdowns.