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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

Comment by marketsenseon Aug 30, 2022 10:43pm
261 Views
Post# 34931395

RE:RE:Media focus' API oil drawdown

RE:RE:Media focus' API oil drawdownThe strange thing about our present leadership is an inexhaustible need to pander
to those who ask for a handout.   

This is juxtaposed against hatred of the oil & gas sector which just wants the ability
to grow their business and thereby provide jobs,  income and revenue for all. 

It makes no sense to spend millions of borrowed dollars on social programs while
at the same time shutting down or hindering businesses that can create wealth to
pay for those very same social programs that are so high on gov'ts agenda.

I mean how much housing,  how many doctors and nurses and how many surgeries
and how much infrastructure building could we get in return for just allowing an industry to grow when there is a demand for their product?

I get that we need to be concerned for the environment but the industry is well aware
of its obligations to reduce their carbon footprint.  They are on track with these ESG
intitiatives and certainly way ahead of most other oil producing countries throughout
the world.  Have a look at Russia,  China,  the Middle East,  Venezuela etc for a 
comparison.

This leadership is completely tone deaf to opportunities because of an extreme
idealogical narrative and are demanding the rest of us to buy into it.  Sadly we 
are all going to have to pay the price for this folly.  Just look at what's happening
in Europe if you want an example of large scale folly.






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