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. The Company 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.

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Suncor Energy Inc > BP's costly move to renewable energy

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Comment by ilvmyt5son Sep 20, 2021 10:40am

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Post# 33886330

RE:RE:BP's costly move to renewable energy

dude the would is in turmoil over submarines right now...there isn't going to be any transitions of any thing any time soon. lol

Tommy123 wrote: There is no alternative.

MigraineCall wrote: Be careful what you wish for.

BP's path of transition to renewables as well as the pandemic has forced it to dispose of highly profitable NG and oil assets in order to move forward into costly money losing renewable ventures.

A good read, that may change your mind about what may happen to SU shares if it moves to undertake a renewable transition.

In my opinion, SU is an oil company and should concentrate on what they do best.

https://www.reuters.com/business/sustainable-business/bp-gambles-big-fast-transition-oil-renewables-2021-09-20/