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 > Global Inventories Depleting

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Comment by mrbbon Feb 02, 2022 5:05pm

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Post# 34390886

RE:RE:RE:RE:Global Inventories Depleting

all taxes are just re-distribution of wealth according to the leader's agenda, namely to buy vote (to get elected and/or stay in power). Carbon tax alone is going to 170/tonne by 2030 from 40/tonne in 2021 (8.8 ct/liter). With 100+ oil, $2/L petrol is in sight

Chad123 wrote:
Good post Migraine. Just like to point out that the poor in Canada benefit from high oil prices due to the dumbwad leader who implemented a carbon tax. Realistically the less you make you get more of the pie. Likely these people do not own cars yet get about $400.00/y. On the other side of the equation, people like my family get less than the max and pay way more than $400.00/y in carbon taxes alone.
Sucks but it is what it is. Someone posted about taxes on gas and it is probably about 50%. Imagine that money not going into government coffers. Inflation for people who choose to drive would not be so bad.
Cheers