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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 Torontojayon Apr 22, 2023 10:16am
302 Views
Post# 35408664

Is oil the new asbestos?

Is oil the new asbestos?

United States’ Asbestos Consumption Declines

Asbestos was used in the United States for a number of important industries, including transportationshipbuildingutilities and construction. Asbestos consumption in the United States peaked at 803,000 tons in 1973. However, usage and manufacturing began to decline in the mid-1970s with changing regulations and rising awareness of associated health issues.

The last asbestos mine in the United States. closed in 2002. Since then, all asbestos used in the United States is imported, largely from Russia and Brazil. Consumption followed a steady downward trend, with minor fluctuations between 2013 and 2018.

United States’ Asbestos Consumption Trends 2013-2019:

  • 2013: 772 tons
  • 2014: 406 tons
  • 2015: 325 tons
  • 2016: 747 tons
  • 2017: 332 tons
  • 2018: 750 tons
  • 2019: 100 tons
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