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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.

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Suncor Energy Inc > Just a heads up... If you want to buy an EV

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Comment by ilvmyt5son Jun 30, 2021 6:04pm

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Post# 33477598

RE:RE:Just a heads up... If you want to buy an EV

Sorry for the Reality slap... but it's called Physics.

Tommy123 wrote: Don't spread fear mongering...Not everyone WILL have an EV even in 2035, so that's not an issue for a while.

ilvmyt5s wrote:
Just a heads up... If you want to buy an EV and charge it at home, get one now and you will be grandfathered for a home charging station. Most if not all Suburbia Electrical systems can only handle 10 to 20% of the residents owning and charging EVs. You will either have to update the residential Electrical systems to handle the extra amperage (400 as opposed to 100amp service) or go to a local charging station and wait in line.

Basically the lines in your neighborhood will have to be replaced with cross sectional diameters of 2 to 4 times their wire size now if everyone wants to charge their EV at home.

Canada will now have to rewire their Residential Electrical Systems across the country by 2035. Natural gas will be needed to generate the added electrical demand as well as updating Hydro and Nuclear generation to meet Canada's National Carbon Pricing rollout.

Canada is the most progressive country in the world right now.

Happy Canada Day!