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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 jx7000on Jul 28, 2023 10:42am
135 Views
Post# 35561470

RE:RE:Jim Farley: EV adoption will take longer than expected

RE:RE:Jim Farley: EV adoption will take longer than expectedMigrane, you said, "...your EV will help you save money on energy/fuel cost to offset all the other losses"

That may be for now but you can't expect those charging costs to stay as they are now. The politicians and energy cos. are going to extract a pound of flesh once they see the potential for higer revenue. And even if 95% of the N.Am./S.Am./Euro car markets changed over to EVs, there will be absolutely no effect on the climate. This was witnessed during the worldwide Covid shutdowns.
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