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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 Donwaanon Apr 08, 2024 2:33pm
189 Views
Post# 35977331

MarketWatch commenters add to the great debate

MarketWatch commenters add to the great debateGood luck with getting Canadians to ditch their gas guzzlers. Subsidies for EV's aren't the answer as governments have no money. Rather than increasing our debt, it is more efficient to institute a carbon tax. This will reduce fossil fuel use and make carbon free energy sources more desirable. The extra revenues could reduce our deficit and make it possible to lower business taxes, increasing Cdn profitability and competitiveness. As near as has been able to be calculated, the total CO2 utilization of an EV, over its entire lifetime, is about 1/2 that of a comparable ICE vehicle. (This is hard to calculate precisely because so few EVs have actually reached the end of their useful 'lives', and there are so many variables that need to be included. For example, natural gas used to create electric power is shipped in very efficient pipelines, and the electricity created sent to EVs is transmitted via electric power lines whose loss is around 6%, while gasoline comes from oil shipped in VLCC ships, and is sent to gas stations via semi-trucks in a less efficient process.) GLTA!
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