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It will be more than five years before Suncor Energy Inc. makes any significant investments to secure new bitumen supply, the Calgary-based oil company said Tuesday.
Suncor Energy, Canada's second-largest oil producer, will focus this year on cutting operating costs in its oil sands mining business, CEO Rich Kruger said on Thursday, as the company continues...
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The consideration for the transaction is around $1.1 billion (CAD 1.47 billion) and has an effective date of April 1.
A plan by oilsands giant Suncor to mine part of a northern Alberta wetland has been criticized by scientists and environmentalists. But CBC News has learned that some of the company's own advisory committee members have also flagged concerns about the project.