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 > BP's costly move to renewable energy

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Comment by ilvmyt5son Sep 20, 2021 12:43pm

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Post# 33886874

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

boys and their toys issues are first. Where's the carbon tax???? Submarines first, Climate Change whenever there's an election...

Tommy123 wrote: Then why is the government spending billions and billions of dollars to get us to use less carbon, with so much being spent to stop gas powered EVs by 2035 (likely to be moved to 2030)

ilvmyt5s wrote: 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/