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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 May 15, 2024 8:43pm
100 Views
Post# 36042391

RE:RE:RE:Not just about coal fired power plants

RE:RE:RE:Not just about coal fired power plantssorry for posting more news on the new 1.6 billion investment by the japan JV Asahi Kasei Corp and Honda, i just want to wrap up the reason why japan made this investment in canada instead elsewhere.  

Asahi CEO said canada was their 3 choice, behind Europe and US but canada was more enthusiastic (to me that meant bigger subsidy, more guarantee, more concession) from 3 levels of gov'ts that made their choice canada jumped to #1. Unfortunately, no Honda representative was present for announcement. 

Kudo said the company had been wanting to build a separator plant abroad for a few years, first looking at locations in Europe and the United States.
 
“Frankly speaking, Canada was our third country to investigate opportunities for investment,” said Kudo.
 
“As we progress in our investigation, little by little we have learned that there is a huge enthusiasm coming from the federal government, provincial government and the local municipal government and also we have found that there are plenty of great quality human resources available here.”

Asahi Kasei $1.6B battery separator plant lands in Port Colborne (electricautonomy.ca)

mrbb wrote:

A world of pain is coming to china.  Biden just imposed massive tariff on chinese EV, batteries and renewables.

Biden administration announces new 100% tariffs on Chinese EVs (msn.com)

EV tariff will rise to 100% from current 25%

Solar cells tariff to double to 50%

Tariff on steel and aluminum products will triple to 25% from current less than 7.5% 


Doubling chinese semi conductor tariff from 25% to 50%

I guess now we know why Honda is willing to put money on EV and batteries in canada. 




Donwaan wrote:

China is already the worlds top producer and consumer of electric vehicles and is betting on hydrogen-powered vehicles as it eyes the new clean energy source. It unveiled its first national-level hydrogen energy development plan in 2022, and has tested its first hydrogen-powered passenger train.



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