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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 29, 2023 12:09am
124 Views
Post# 35562932

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

RE:RE:RE:RE:RE:Jim Farley: EV adoption will take longer than expected
Experienced wrote: Couple of points Migraine....

1......the Federal Government will get tax revenue from increased electricity usage from the GST portion of the harmonized sales tax

2....since many people will be charging their EVs at home so an electricity tax would also tax non EV people plus "virtue signalling" the idea of the Feds increasing a tax in electricity usage is at least one to two decades away and most likely longer than that


I like how you try to cover up your uncertainty on this subject by giving a huge range of time scale, 10, 20 and maybe even 20++ years away. Hard to go wrong with such wide boundaries. LOL

A road tax is already here.  Here are the states that imposed a road tax for EV owners, some states start leving road tax since 2019.
These are all of the states charging EV owners extra fees just for going electric - The Manual

For Canada, Sask. is the first province who imposed a $150 tax on EV starting Oct 2021. 

As for all taxes, they will go up over time. 
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