A recent proposal by Suncor Energy addresses environmental concerns and has gained the support of activists, but at least one other energy company has stated that they will not follow suit and do the same. Suncor has proposed leaving some of the oilsand reserves in place when these resources are too difficult or expensive to…
Read moreSuncor Energy has experienced another pipeline spill and crews are working to clean up the problem. According to reports the spill involves 20,000 litres of diluent at the oilsands facility for the company, situated to the north of Fort McMurray. Nicole Fisher, the spokesperson for Suncor, explained that at approximately 3 a.m. company safety staff…
Read moreAn Alberta judge has given approval for Suncor Energy to perform random drug tests on company employees. This is the latest round in the legal battle and it allows Suncor Energy to randomly test for drugs and alcohol use in employees. A ruling in 2014 by an arbitration panel determined that the testing plan would…
Read moreThe CEO of Suncor Energy, Steve Williams, explained to investors recently that the company will not go back to the way it used to operate. Right now the company is in the process of completing 2 projects, the Hebron East Coast offshore project at $14 billion and the Fort Hills oilsands project at $13.5-billion. Suncor…
Read moreSuncor Energy has confirmed that the company will be engaging in more job cuts and layoffs although an exact number of the jobs affected or the disposition of these jobs has not been addressed yet. Oil has now gone up past $40 a barrel, leading some to hope that things were turning around for the…
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A hostile takeover bid for COS by Suncor Energy may have been thwarted, at least in part, if the Alberta Securities Commission provides an extension on the deadline to accept the deal. If this happens Suncor Energy says that it will not extend the bid for COS any further than the December 4 time line…
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