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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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.


TSX:SU - Post by User

Post by PUNJABIon Mar 23, 2022 8:03am
205 Views
Post# 34536903

Globe says Suncor hires LNG Canada's CEO Zebedee

Globe says Suncor hires LNG Canada's CEO ZebedeeSuncor Energy Inc (C:SU)
Shares Issued 1,436,299,194
Last Close 3/22/2022 $40.76

Wednesday March 23 2022 - In the News

The Globe and Mail reports in its Wednesday edition that Peter Zebedee is stepping down as LNG Canada's chief executive officer to join Suncor Energy as a vice-president. The Globe's Brent Jang writes that his exit takes effect on March 29, nearly 33 months after he took over the top job at LNG Canada, which is building an $18-billion terminal to export liquefied natural gas from Kitimat, B.C.; Shell PLC is the largest partner in LNG Canada, with a 40-per-cent interest. The other partners are Malaysia's state-owned Petronas (25 per cent), PetroChina (15 per cent), Japan's Mitsubishi Corp. (15 per cent) and South Korea's Kogas (5 per cent). Prior to LNG Canada, Mr. Zebedee served as general manager of Shell's Scotford oil refinery near Edmonton. "The progress that the LNG Canada project has made in the past three years has been truly remarkable, especially in the context of a global pandemic," he said in a statement on Tuesday. Steve Corbin, executive project director at LNG Canada, has been named as interim CEO of the Kitimat project. Mr. Zebedee's role at Calgary-based Suncor will be executive vice-president of mining and upgrading, taking effect in April. He will be replacing the retiring Mike MacSween.


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