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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... see more

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Suncor Energy Inc. > Is oil the new asbestos?

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Post by Torontojay on Apr 22, 2023 10:16am

Is oil the new asbestos?

United States’ Asbestos Consumption Declines

Asbestos was used in the United States for a number of important industries, including transportation, shipbuilding, utilities and construction. Asbestos consumption in the United States peaked at 803,000 tons in 1973. However, usage and manufacturing began to decline in the mid-1970s with changing regulations and rising awareness of associated health issues.

The last asbestos mine in the United States. closed in 2002. Since then, all asbestos used in the United States is imported, largely from Russia and Brazil. Consumption followed a steady downward trend, with minor fluctuations between 2013 and 2018.

United States’ Asbestos Consumption Trends 2013-2019:

2013: 772 tons
2014: 406 tons
2015: 325 tons
2016: 747 tons
2017: 332 tons
2018: 750 tons
2019: 100 tons

https://www.mesothelioma.com/blog/usgs-2020-report-shows-global-asbestos-trends/

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Comment by marketsense on Apr 22, 2023 12:21pm

My only objection to your argument is our civilization is much more dependent on autos than the uses of asbestos. Asbestos for insulation and as fire retardent was widely used but once its health effects were fully understood, was more easily replaced than our ice vehicles will be. My feeling is it will take many years before this transition to occur and I also suspect ...more

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