Canadian Oil Sands is accusing Suncor Energy of playing on fear in an attempt to succeed in their hostile takeover bid. The accusations started flying after Suncor sent a letter to shareholders of COS urging these individuals to accept the bid in spite of the fact that the COS board of directors firmly rejected the…
Read more
Suncor Energy previously set a commuter only policy for the new Fort Hills project and this had some local residents, businesses, and politicians in Wood Buffalo very upset. The company has announced that they have reversed this policy, and the reversal may have been the result of push back from the community that the company…
Read more
A commuter policy set by Suncor Energy for the Fort Hills project has some area residents concerned, but the energy company has defended this policy as one that is necessary given the location of the project. An estimated 2,000 jobs will be created but the Fort Hills project is very remotely located, situated near the…
Read more
During two different open house meetings Suncor Energy struggled to get the support of local residents for the Voyageur project but that has not stopped the company from pushing ahead and trying to get people to eventually warm up to the idea. Voyageur would be situated just kilometres from the city limits, and some think…
Read more
A pilot project on testing that uses radio frequencies instead of steam is being undertaken by Suncor Energy. The hope is that these radio frequencies will liquify bitumen deposits situated under the ground, similar to melting something in the microwave. Suncor Energy is one of several companies that have partnered together to test out this…
Read more
The company profits for Suncor Energy are down by about 80% in the fourth quarter, largely due to falling oil prices but also as a result of poor performance in the oilsands as well. Suncor Energy is the largest energy business in Canada, and according to a recent conference call the net income of the…
Read more
