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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Will Canada follow CA?
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Post by autofocus111 on Sep 17, 2023 10:47am

Will Canada follow CA?

This reminds me alot of the Big Tobacco lawsuits a couple of decades ago. It'll be interesting to see the scientific points and counterpoints presented to the courts. Maybe the largely one-sided 'climate disaster' narrative will finally see a robust, vociferous, and very public challenge.

>>>California Sues Oil Giants Claiming Deception, Harm to Climate (Bloomberg) -- California sued major oil companies including Exxon Mobil Corp. and Shell Plc, saying they deceived the public for decades while creating or contributing to local climate catastrophes....The action includes some of the strongest allegations against oil giants as the state deals with increasingly destructive storms and weather events, from ravaging wildfires to “atmospheric rivers.” California has spent, and will continue to dish out, billions of dollars to recover from climate catastrophes, the complaint said.  

https://www.bnnbloomberg.ca/california-sues-oil-giants-claiming-deception-harm-to-climate-1.1972325
Comment by mrbb on Sep 17, 2023 4:14pm
there is a big difference between smoking and using fossil fuel. there is absolutely no disagreement among scientists and medical professionals on harm of smoking. Plenty of science and medical evidence to link negative health to tobacco. However, the science is not settled on effect burning fossil fuel to climate change. There are plenty of scientists disagree with IPPC and green activists ...more  
Comment by autofocus111 on Sep 17, 2023 10:33pm
Wide-scale public awareness and concern about the dangers of smoking occured with the release of the US Surgeon General's report back in the mid-60's, and yet the US states only started litigation against Big Tobacco a full three decades later, which led to the Master Settlement Agreement in the late 90's. Makes you wonder why it took the government so long to take legal action... no?  ...more  
Comment by mrbb on Sep 18, 2023 12:28am
JMO i think it's about money. When the time is right and money pot is big enough, lawyers will smell out the opportunities. In my opinion, smokers have no rights to sue for damages as cigarette/cigar are FDA approved food products, same goes for alcohol that caused uncount damages from drunk driving, or diseases from eating junk foods. As you said, health risk from consuming these products ...more  
Comment by meritmat on Sep 18, 2023 8:03am
Only difference is smoking kills you Oil is the reason we enjoy a high standard of living. With out energy we're back in the Stone Age.  Heck with them 
Comment by Experienced on Sep 18, 2023 7:25pm
merimat..good point.   Seems to me that this lawsuit is nothing short of political in a jurisdiction full of left wing judges.  This will fail if not earlier but for sure at SCOTUS. In the case of smoking there was a clear causal relationship between people that smoked and health issues and those that didn't.  In the case of this lawsuit relating oil production to climate ...more  
Comment by mrbb on Sep 17, 2023 4:34pm
it is leftist tactic to use public funding (tax dollars) to push threat, intimation, and long drag out legal proceeding and endless legal cost instead of fact/evidence to defeat their opponents.  For ex, the ongoing trucker convoy trial which likely amount to a nothing burger.   Another example where liberal have brought many illegal charges against REBEL NEWS but no conviction ...more  
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