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Suncor Energy Inc
Symbol SU
Shares Issued 1,261,765,782
Close 2024-10-25 C$ 54.16
Market Cap C$ 68,337,234,753
Recent Sedar Documents

Globe says Suncor, rivals hear CGF talks speeding up

2024-10-28 08:53 ET - In the News

Also In the News (C-CNQ) Canadian Natural Resources Ltd
Also In the News (C-CVE) Cenovus Energy Inc
Also In the News (C-IMO) Imperial Oil Ltd
Also In the News (C-SCR) Strathcona Resources Ltd

The Globe and Mail reports in its Monday, Oct. 28, edition that a federal financing agency has proposed backing a multibillion-dollar investment in carbon-capture technology by the Pathways Alliance. The Globe's Adam Radwanski and Emma Graney write that three unnamed sources say the offer to back capital costs for Pathways was recently made by the Canada Growth Fund (CGF). The CGF is a $15-billion entity created last year by Ottawa to support carbon capture, storage and utilization. Its previous talks with Pathways fizzled out before anything substantive was put on paper. The tabling of the new proposal took place after the CGF separately reached a deal in July to partner with Strathcona Resources, which is not part of Pathways. The CGF is citing that partnership as proof of its ability to get deals done with the industry and as a model for the Pathways proposal. The renewed engagement between the CGF and Pathways could signal progress in the $16.5-billion investment in carbon capture, which Pathways -- comprising Cenovus Energy, Suncor Energy, Imperial Oil, Canadian Natural Resources, MEG Energy and ConocoPhillips -- views as central to reducing greenhouse gas emissions from oil sands production.

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