Suncor Energy Inc. T.SU

Zero Emission Cars - Canada

[Experienced]

New Federal regulations coming on top of existing provincial regulations....

As Rockfeller once said - "Don't fight the tape"

https://www.reuters.com/sustainability/canada-announce-all-new-cars-must-be-zero-emissions-by-2035-report-2023-12-17/

[Torontojay]

That's a long time from now, almost 12 years. A lot can happen between now and then in terms of who is in power in this country and that's going to influence where we stand in the future. You have to remember that this is a Wef agenda and that Trudeau's days are numbered in Canada.  It's not going to pass. 

[Experienced]

Jay....20% of new cars sales in 2026 and 60% in 2030...yes 100% in 12 years Yeah for sure things could change with a new Government.  But the key word is "could". I haven't made my money in the stock market over the years relying on politicans doing the right thing.  Once legislation is in the books as it will be according to the article then it takes two things for that

[Torontojay]

I don't believe it's going to happen just as I don't believe they are going to fulfil the carbon tax iniviatives by 2030. The green agenda is highly inflationary and hurting consumers when affordability should be front and centre on everyones mind. Here in Canada, people cannot afford their groceries because carbon taxes and rent/mortgage costs are robbing them of their wages. Now you

[mrbb]

JT, most liberal and NDP cabinets are graduates of WEF.  They will push their agenda regardless of cost to the economy. As long as they are in power, it shows canadian voters supported them and cost saving is not their mandates or duty 

[Experienced]

As I mentioned in my earlier post, I didn't say that it wouldn't happen.  For me I look at everything from the perspective of being a pragmatic investor who is looking for the greatest risk adjusted total return. I appreciate your conviction that it won't happen but at the end of the day that it all it is - a convictionn and a lot of things have to happen before that conviction

[mrbb]

yes, you're just a NPC you let others do the heavy lifting for your benefit  

[PabloLafortune]

I'm keen to find out in the next few years the resale value and depreciation of these EVs. The Nissan Leaf albeit the first electric car for very early adopters is horrendous. 8 year old vehicles with 85,000 km selling for $7,000 on Autotrader. Whereas Corollas - which were half the price to begin with - with 200,000 km sell for the same or more. Probably a lot easier to sell too.

[mrbb]

I classify EV in the disposable electronics catergory. In 8-10 years owners need to replace EV battery. During that time, new battery formulation can takeover, more complex design, new formulation make recycling very costly. (IE recycling cost > end product value).  More tax subsidy needed to fund the recyclers.  A well maintained ICE car can last much longer than 8-10 years. 

[mrbb]

yes, it's all part of the globalist agenda to have us all digitally controlled It's the big part of WEF and UN agenda 2030, phasing out fossil fuel is the underlying. tactic. Watch EU, it will be implemented there first. The plan is to make ICE not insurable.  Driving (EV) will be monitored by AI, road violation will be issued by computer and sent to you and insurance co, which your

[mrbb]

To add:: what i said is not a guess, projection or a plan, the software apps are already written and internally tested.  It is ready to deploy when authority say go. Same goes cbdc, it's ready to roll. Hmm, maybe the next pandemic could help it along.   

[mrbb]

Alberta Bound Dec 2023 Alberta gains another 17,000 people from other provinces in 3 months, ends 'Alberta is Calling' ad campaign (msn.com) Alberta Is Calling? Ontario Residents Are Fleeing The Province In Record Numbers - Better Dwelling