Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc > It's different this time

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Comment by meritmaton Sep 14, 2023 1:30pm

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Post# 35636486

RE:RE:RE:RE:RE:RE:RE:RE:It's different this time

Torontojay wrote:
Good point regarding the impact carbon tax has on food inflation.

A while back I decided to Google what the impact carbon taxes had on inflation. I wasn't surprised to read that according to several sources, carbon taxes had just a 0.1% impact on inflation. I was not surprised because I knew this was an outright lie and typical propaganda mainstream media gibberish. You don't have to be an economist to figure this one out. Go to your local farm and ask them directly what kind of impact it has had on their costs of production. Everybody likes to pass the buck to the next guy. This means your supermarket is also passing the buck to the end consumer.

Canada should simply drop the carbon tax and inflation will start to ease. The next thing that needs to happen is either home prices need to come down or mortgage interest costs need to come down. It's a game of cat and mouse. What's going to crack first, the housing market or the BoC policy rate? People forget that in the past the Fed pivot occurs after the recession has already started and not the other way around. It's not as simple to say that interest rates will fall and the economy and housing market will just bounce right back up.

Interest rates do matter.

The farm can't really pass the carbon tax on to anybody. We're stuck paying our fair share.

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