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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 mrbbon Dec 19, 2023 7:13pm
222 Views
Post# 35792807

get your ice now or soon

get your ice now or soon“If anyone needs a car, they better buy it now,” Premier Danielle Smith said after hearing of new federal rules for electric vehicles."

The batteries will be built mostly in Ontario and Quebec (of course), with subsidies totalling $35 billion, so far.

As gasoline and diesel-fired vehicles are phased out, Ontario’s auto plants will have to convert their operations, doubtless with more billions in government aid.

Ontario Premier Doug Ford is now fully charged in support, because there’s so much money and employment on offer.

Ottawa is using our money to create a new industry in Central Canada, and commanding the other regions to be the captive market.

“We’re on board with that. But the idea that within two years’ time 20 per cent of all cars sold in Canada have to be zero emissions, it’s bananas. It’s not achievable."

 

Braid: Smith says 'bananas' federal electric vehicle decree will cause shortages, rationing (msn.com)
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