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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 mrbbon Jul 03, 2023 3:46pm
129 Views
Post# 35525038

RE:Bump in the EV road

RE:Bump in the EV road
autofocus111 wrote: Hmmn,,, maybe need more subsidies?


>>>TORONTO: 29 June 2023 — Canada’s electric vehicle (EV) holdouts are digging in their heels, with a majority (66%) saying they are either “very unlikely” or “somewhat unlikely” to consider an EV for their next vehicle purchase. That’s according to the second annual J.D. Power Canada Electric Vehicle Consideration (EVC) Study,SM released today, which finds that overall EV consideration in Canada has declined 13 percentage points to 34% from 47% in 2022, and significantly lags EV consideration rates in the U.S., where 61% of consumers say they are either “very likely” or “somewhat likely” to consider purchasing an EV this year.

https://canada.jdpower.com/press-releases/2023-canada-electric-vehicle-consideration-evc-study


Canada only has carbon tax where as US doughs out 7500 USD rebate on buying a new EV, plus extra incentives at state level. Trudeau fools canadian with virtue signaling with carbon tax to reduce climate change, reduce forest fire, reduce drought, while china is keep adding coal power plants.

Super El Nino is coming, get ready for news blaming fossil fuel/CO2 for coming drought, heat, storms, etc, 



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