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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 GingerEnergy111on Mar 02, 2023 10:30am
145 Views
Post# 35314988

RE:Adoption of New Technology

RE:Adoption of New TechnologyTake a look at the movie "Seabiscuit" where at the beginning, the "wagon wheel repair man" is awed by the motor car after completely taking one apart.  He then puts it back together and recommends a supercharger system would really make it go.  
Says he would never buy a horse again, the car is the latest big thing!

Then life takes a few twists and turns and he buys Seabiscuit.  Then we go on to see the beauty of the horse.

LOL....

So the key key word is "IF" the adoption of EV's.  We can see the rational for it in many parts of the world but not here in the Great White North so much.  AND for me, the question is, are we just changing 4 quarters worth of fossil fuels for a dollar's worth of lithium, cobalt and other raw resources we have to dig up out of the ground?
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