By Jaryn Vecchio
Suncor Energy employees at Base Plant can get their first COVID-19 vaccine this week.
The oil company has partnered with Alberta Health Services to set up two clinics on-site, one at the Main Admin atrium and the other at Steepbank Mine Complex.
They will be offering the Moderna Vaccine.
People with access to Base Plant can get the shot.
This includes workers from outside the province and those who aren’t directly employed by Suncor.
The Base Plant is currently experiencing one of the worst COVID-19 outbreaks in the RMWB.
Only Canadian Natural Resources Limited’s Horizon site and Syncrude’s Mildred Lake site have experienced more cases.
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Canadian Imperial Bank of Commerce (T.CM) hit a new 52-week high of $130.79 on Friday. CIBC has outperformed much of the Canadian banking sector due to the resilience of its underlying business. A cost-to-income ratio of 54.9% in Q1 2021 reflects improvement in its operational efficiency.The economic recovery and a strong capital markets outlook should drive further growth in near-term earnings.
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Posted: May 06, 2021 6:25 PM MT | Last Updated: May 7
Canadian Natural Resources Ltd. s Horizon site, about 70 kilometres north of Fort McMurray, Alta., includes a surface oilsands mining and bitumen extraction plant, and on-site bitumen upgrading.(CNRL)
As the Wood Buffalo region deals with the highest rate of COVID-19 in the province, Alberta oilsands companies are hosting vaccination clinics to help protect workers.
The first on-site clinic ran from May 2 to 4 at the Canadian Natural Resources Limited (CNRL) Horizon site and saw more than 1,600 contractors and employees vaccinated.
CNRL currently has the largest oilsands outbreak with 482 active cases at the Horizon site, 223 active cases at the Albian site and two at the Jackfish site. There have also been two deaths associated with the outbreak at Horizon.
By Jaryn Vecchio
Suncor Energy and Canadian Natural Resources Limited are seeing strong starts to 2021.
Both oil companies released their first-quarter updates this week, highlighting net earnings of $821 million and $1.4 billion respectively.
The two combined for a net loss of $4.7 billion in the first three months of 2020.
“In the first quarter of 2021, we demonstrated our continued commitment to operational excellence through combined upgrader utilization of 97 per cent, record In Situ production, and improved cost performance in the upstream,” said Mark Little, Suncor President, and CEO.
Despite the strong start, Suncor and CNRL continue to be impacted heavily by COVID-19.
There are nine outbreaks at sites run by the two companies. This includes Syncrude‘s Mildred Lake and Aurora sites.