Cuts follow billions in spending reductions by other major oil sands players.
Will provide steam generation required for Suncor’s extraction and upgrading operations.
Earnings were buoyed by a one-time deferred tax recovery of $1.12 billion associated with corporate income tax rate cut of 1%.
Punishes companies like Husky that have made investments in refineries and pipeline capacity, rewards those that have not.
Suncor Energy proposes to chemically treat its tailings, concentrate them all in a single deposit by 2073.
Weather outage cuts into oil sands output; operations returned to normal by the end of February.
Company says construction on its first phase may begin in 2024.
Fire burned for two days and injured one employee.
Holding company held about 22.3 million shares in Suncor as of June 30.
Employees and contractors are moving back in to the area.
Energy producer says it will provide information about how it expects “to succeed in a low carbon future.”
Oil sands producer aims to spend between $6.7 billion and $7.3 billion next year.
Offer would give Canadian Oil Sands shareholders a stake in Canada’s largest integrated energy company.
Study finds the number of companies factoring carbon pricing in their finances has tripled since last year.
Total E&P Canada Ltd. retains a 29.2% interest in the $15 billion oil sands project.