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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 mrbbon Aug 11, 2022 3:59am
431 Views
Post# 34887279

US Inflation Reduction Act 2022

US Inflation Reduction Act 2022

being sold as the biggest step against climate change LOL

The Inflation Reduction Act is the biggest step against climate change the US has ever taken - The Verge


Shhh, a side deal was struck so that Manchin would support the bill it mandate the sale of drilling leases in alaska and mexico to oil/gas companies BEFORE any on/offshore solar/wind get the funding.  Yes, the greenies gonna flip when they find out they can't have any green pudding until US drill baby drill, pipe baby pipe proceed first.  The maximum duration of any environmental review on major project is set for 2 years (TMX took 5 years just on review). When greenies find out, they would wake up to a climate bomb bill, not a climate solution bill. No windfall tax in the bill either.

Inflation Reduction Act: Manchin side deal on pipeline approvals is a 'Climate Bomb' | Red, Green, and Blue (redgreenandblue.org)

I
 hope this would warn true dough not to impose windfal tax in the great white north. 

TMX is years behind and over budget

Our once LNG lead was loss due to government dithering. (yes, canada led in LNG race at one time, ahead of US, Indonesia, Australia but we gave that up) 

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