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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 nukesteron Jan 27, 2024 11:48pm
102 Views
Post# 35849006

RE:RE:RE:ABSOLUTELY DISGUSTING: SUBSIDIES Of $ 4M Per EV FACTORY JOB

RE:RE:RE:ABSOLUTELY DISGUSTING: SUBSIDIES Of $ 4M Per EV FACTORY JOBI don't think this is garden variety "Monkey business"

The shear size of the incentives appear designed to distort the marketplace beyond that which is sensible.  The size of these incentives alone are beyond any credible limits respected by governments in the past.  This is arrogance and raw power on display for all the world to see.  Basically Justin Trudeau and company are displaying thier obediance to global interests.  The powers that be want to destroy the current economic system and replace it with ??? 

This problem is not unique to Canada.

What we are observing is a multi prong attack on the pillars of western society.
western aligned governments such as U.S., Canada, U.K., EU, Australia, New Zealand are simultaneosly destabilizing industrial, educational, agricultural sectors in thier respective nations.  

I usually try to make money from chaos, but my investing instincts tell me society is near a breaking point.  I hope things break in the right direction, but I am not optimistic.

Sorry to sound so dark :-), but as I said above, these green incentives are not the typical monkey business.  Everybody that owns a calculator knows the incentives will damage the current economic system and burden our children with debt,  yet the incentives continue and accelerate.

Canada is a beautiful country I love and respect, but if 2025 does not bring new leadership and direction, I will be forced to move my assets out of the country, assuming anything is left to move :-)  

Cheers,
Nukester.



 




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