Suncor Energy Inc T.SU

Rant of the day

[Oldnagger]

Recently, I was listening to the head of the Canada Pension Plan explain on BNN how they were taking an overly active role in the ESG of companies they invest in. These jerkettes seem to have forgotten that the money they are investing is our money. Their mandate is to find the best investments according to long standing portfolio management principles . FULL STOP !!

[Silvercup]

Our work union is doing the same and I sent them an email saying I don't agree with it.  They wanted to have a meeting to pull out of a certain company because they didn't agree with one of their work practices. I understand there are some lines you just don't cross but I'm paying into this to make money, not to manage a company and micromanage everything they do.  Let

[Tommy123]

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[Oldnagger]

CPP, s interference extends way beyond energy issues and goes as far as specifying who should be on the board. There is no way that they can be more qualified to manage an enterprise than those who have invested their own sweat , blood and tears into it. CPP should enjoy no privileges beyond those that individual investors do. This is supposed to be the land of free enterprise. Countries that

[NPCexe]

Exactly.. I just saw an article that lambasted Canada's emissions... as if any of our cities are anywhere close to Mumbai, Delhi, Beijing, etc. It is utterly absurd. Nonsense. Anti science and antithetical to the organic growth of the country

[Fishermen]

Because we as developed countries  are  responsible for a big potion of carbon emitted, directly and indirectly.  Especially U and S and A, they are addicted to single-use Chinese products. 

[NPCexe]

Developed countries is an elusive and ill-defined term. Furthermore, China or India are developed countries. And I thought we had 10 years to live, so why does that matter anyways? Shouldn't all emissions cease? Or we should only stop the west, while the East kills it slowly? What's the logic here?

[firstworld]

Maybe it's all our emissions from indigenous genocide mass graves last seen in bosnia.

[Tommy123]

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[Oldnagger]

Suncor was built from two companies, The small but feisty original Suncor who pioneered Oil Sands technology and PetroCanada which was a hash made from the carcasses of Pacific Petroleum, Petrofina Gulf Canada,And BP. The fact that tiny Suncor was able to buy out the remains of the disaster created by PET should tell something to everyone. Believe me I lived through the experiment for 8 years, It

[autofocus111]

Tommy Nobody forces the institutions to invest in these companies either. If they don't agree with the business model or practices, then just don't invest in them. 

[Chris007]

Indeed, going public is definitely  a double edged sword...on the one hand, it provides a company with easier access to capital (or atleast it did, previously, for o&g companies). However, being publicly traded does make a company open to activism/competing interests from a much wider and diverse shareholder base

[Tommy123]

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[autofocus111]

Tommy The CPP mandate could not be more clear.... maximize retruns without undue risk. >>>We have a singular objective: to maximize long-term investment returns without undue risk, taking into account the factors that may affect the funding of the Canada Pension Plan and its ability to meet its financial obligations. https://www.cppinvestments.com/about-us/our-mandate