1. History
    1919-2000  2000-present 

2. Operations
    Bitumen, oil and natural gas production  Refining  Retail  Aircraft fleet 

3. Environmental record

4. See also

5. References

6. External links

Until 2010, Suncor marketed products and services to retail customers in Ontario through a downstream network of 280 company-owned, and 200 customer-operated retail and Diesel fuel sites, primarily in Ontario under the Sunoco brand (owing to Suncor having originally been established as a subsidiary of Sunoco). In 2009, Suncor acquired the former Crown corporation Petro-Canada, which replaced the Sunoco brand across its existing outlets. Suncor also markets through a retail network of Shell and ExxonMobil branded outlets in Colorado.^[6]

History

1919-2000

Suncor was founded in 1919 in Montreal as Sun Company of Canada, a subsidiary of Sun Oil (now Sunoco). In 1979, Sun formed Suncor by merging its Canadian refining and retailing interests; Great Canadian Oil Sands (a majority-owned subsidiary, which constructed and operated the first commercial plant to develop Canada's Athabasca oil sands and went on production in 1967); and its conventional oil and gas interests. In 1981, the Government of Alberta purchased a 25% stake in the company; it divested in 1993. In 1995 Sun Oil also divested its interest in the company, although Suncor maintained the Sunoco retail brand in Canada. Suncor took advantage of these two divestitures to become an independent, widely held public company.

2000-present

On March 23, 2009, Suncor announced its intent to acquire Petro-Canada.^[7][8] This merger created a company with a combined market capitalization of C$43.3 billion. On June 4, 2009, a 98% approval rate was reached by Suncor's shareholders for the acquisition of Petro-Canada and the Competition Bureau approved the merger on June 21, 2009.^[9][10] The merger with Canada's 11th largest company was completed on August 1, 2009^[11] in a $21 billion deal to form the second-largest company in Canada (after Royal Bank of Canada) in terms of market capitalization.^[12] In December 2009, as a condition of the merger, Suncor sold 98 gas stations in Ontario to Husky Energy, consisting of 68 Sunoco-branded locations and 30 Petro-Canada-branded locations.^[13]

On June 27, 2013, the company ranked first in a table of Canada's 100 biggest companies by revenue published by The Globe and Mail.

In October 2015, Suncor launched a hostile takeover bid for Canadian Oil Sands worth around $3.29 billion, following rejected advances earlier in the year in March and April.^[14]

On April 27, 2016, Suncor announced that they had reached a $937-million deal to acquire Murphy Oil Corp.'s five per cent stake in the Syncrude project north of Fort McMurray, Alta. This follows the takeover of Canadian Oil Sands less than a year earlier, and will increase its interest in Syncrude from just under 49 per cent to nearly 54 per cent, making it the majority shareholder of the project.^[15]

Operations

In North America, Suncor develops and produces oil and natural gas in Western Canada, Colorado, and offshore drilling in eastern Canada. Its international efforts include offshore developments in the North Sea, and conventional, land-based efforts in Libya, Syria, and Trinidad and Tobago.

Suncor operates refineries in Edmonton, Alberta; Sarnia, Ontario; Montreal, Quebec and Commerce City, Colorado. These refineries supply industrial, retail and commercial consumers. The company is also one of the largest Canadian retailers of petroleum products.^[16]

Bitumen, oil and natural gas production

Suncor is the world's largest producer of bitumen, and owns and operates an oil sands upgrading plant near Fort McMurray, Alberta, Canada. Originally developed by Great Canadian Oil Sands, a majority-owned subsidiary of Sun Oil, it is now wholly owned by the independent Suncor. It was the first commercial development on the Athabasca oil sands, although small, earlier projects like that at Bitumount also played a role in development. The company held a 36.75% interest in the Joslyn north oil sands project which was shelved pending an economic review by operator Total S.A. in May 2014. The Joslyn project was sold to CNRL in September 2018^[17]. The company also produces conventional oil, heavy crude oil, and natural gas.^[18]

Refining

In Canada, Suncor operates refineries in Alberta, Ontario and Quebec. The company's 135,000-barrel-per-day Strathcona, refinery runs entirely on oil sands-based feedstocks and produces a high-yield of light oils. A 137,000-barrel-per-day Montreal refinery produces gasoline, distillates, asphalts, heavy fuel oil, petrochemicals, solvents and feedstock for lubricants. An 85,000-barrel-per-day refinery in Sarnia, Ontario produces gasoline, kerosene, jet and diesel fuels. A 98,000-barrel-per-day refinery in Commerce City, Colorado produces gasoline, diesel fuel and paving-grade asphalt.^[18]

Retail

Suncor's main downstream brand in Canada is Petro-Canada. Suncor previously operated and franchised retail locations under the Sunoco brand, but post-acquisition, all remaining Sunoco stations were converted to Petro-Canada. In addition, the company terminated all of its independent Sunoco franchises, as it planned to implement Petro-Canada's model of requiring franchisees to operate multiple locations. A group of affected franchisees filed a class-action lawsuit over the matter, claiming that Suncor had violated Ontario's Arthur Wishart Act . However, the case was blocked by an Ontario court.^[19][20]

In the United States, it operates retail outlets in Colorado under the Shell and Phillips 66 brands.^[21]

On April 13, 2012, Suncor paid a $500,000 fine after being found guilty of price-fixing in Ontario.^[22]

Aircraft fleet

Environmental record

According to a Pollution Watch fact sheet, in 2007 Suncor Energy's oil sands operations had the sixth highest greenhouse gas emissions in Canada.^[24][25] While Suncor has reduced the greenhouse gas emissions intensity of its oil sands operations by more than 50% since 1990, total greenhouse gas emissions from the company's operations have increased because of growing oil sands production.

On April 2, 2009, Suncor was fined $675,000 for failing to install pollution control equipment at its Firebag operation near Fort McMurray, Alberta in July 2006. On the same day, Suncor was fined $175,000^[26] for dumping untreated wastewater from a company work camp near Fort McMurray into the Athabasca River in 2007.^[27][28]

In the United States, Suncor has also been fined by the Colorado Department of Public Health and Environment. In April 2012, a fine of $2.2 million was assessed for air pollution. Suncor failed to monitor and control emissions a number of times throughout 2009 and 2010, and numerous emissions exceeded regulations.^[29] Suncor was also cited for "failure to conduct equipment inspections, train employees, and fully develop standard procedures for operating equipment".^[30] Additionally, a benzene leak into Sand Creek was discovered in the fall of 2011. Employees at Suncor and the nearby Metro Wastewater Reclamation District Plant were exposed to benzene through the air and through drinking water.^[31][32] In April 2018, Suncor and ExxonMobil were sued by the city and county of Boulder, and the county of San Miguel over allegations that they were responsible for climate change in the state. The lawsuit was unique as it was one of the first to be based on these effects on a landlocked area, as opposed to those citing Sea level rise as a factor.^[33]

By 2009, Suncor was working to reduce the amount of bitumen entering tailings ponds. In 2009, under the auspices of the Natural Sciences and Engineering Research Council of Canada (NSERC), Suncor teamed with the University of Alberta and Matrikon, an Edmonton-based software company, to develop separation-cell technology to potentially reduce the amount of bitumen entering tailings ponds by 50 per cent.^[34]

By 2009, Suncor operated four wind farms. These wind farms provided 147 megawatts of power, providing an annual CO2 offset of 284,000 tonnes compared to coal-generated electricity.{{citation needed|date=November 2013}}{{when|date=November 2013}} Suncor operates an ethanol facility in St. Clair, Ontario. This ethanol is blended into retail gasoline products sold at Sunoco and some Petro-Canada service stations.{{citation needed|date=January 2017}}

See also

• Canadian Centre for Energy Information
• History of the petroleum industry in Canada (oil sands and heavy oil)
• History of the petroleum industry in Canada
• Scotford Upgrader
• Syncrude
• Canadian petroleum companies
• List of articles about Canadian oil sands

References

External links

• {{Commons category-inline}}
• [https://web.archive.org/web/20090804080036/http://www.suncor.com/default.aspx Suncor's Official Website]
• Petro-Canada's Official Website

• South Carolina Highway 284
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• South Carolina Highway 31 Connector
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• South Carolina Highway 332
• South Carolina Highway 340
• South Carolina Highway 341
• South Carolina Highway 341 Truck
• South Carolina Highway 346
• South Carolina Highway 35
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• South Carolina Highway 35 (pre-1937)
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