Suncor Energy
| File:Suncor Logo.gif | |
| Company type | Public (TSX: SU, NYSE: SU) |
|---|---|
| Industry | Oil and Gasoline |
| Founded | Montreal, Quebec in 1917 |
| Headquarters | Calgary, Alberta |
Key people | John T. Ferguson, Chairman of the Board, Richard L. George, CEO |
| Products | Energy |
| Revenue |  $15.8 billion CAN (2006) |
| $3.8 billion CAN (2006) | |
| $3.0 billion CAN (2006) | |
| Website | www.suncor.com |
Suncor Energy Inc. (TSX: SU NYSE: SU) is Canada's original oil sands developer, having produced the first barrel of crude oil from the Athabasca oil sands in northern Alberta in 1967. Suncor is the world's second largest producer of oil sands crude (after Syncrude Canada Ltd.) and is the only company to currently use both mining and in-situ resource technologies. A fully integrated company, Suncor upgrades the oil from the oil sands to the level of conventional crude at its upstream facilities and then ships the crude to the company's refineries in Sarnia, Ontario and Commerce City, Colorado for conversion into transportation fuels and other petroleum products. Suncor also has natural gas operations in Alberta and British Columbia, which help supply the energy needs of the company's oil sands and refining operations. Suncor ranks number 254 on the Forbes Global 2000 list (2008 edition).
Suncor markets products and services to retail customers in Ontario through a network of more than 280 Sunoco-branded retail sites, as well as more than 200 customer-operated retail and diesel sites. Suncor also markets through a retail network of Phillips 66-branded outlets throughout Colorado.
History
Suncor was founded in 1917 in Montreal as Sun Company of Canada, a subsidiary of Sun Oil. Sun mergerd its Canadian interests, including Great Canadian Oil Sands, the original developer of Canada's Athabasca oil sands to form Suncor in the 1970s. In 1981, the Government of Ontario purchased a 25% stake in Suncor before divesting in 1993. In the mid 1990's Sun Oil, now Sunoco, Inc. also divested its interest in Suncor, although Suncor maintains the Sunoco retail brand in Canada. Suncor is now an independent, widely-held company.
Suncor Energy Inc., an integrated energy company, based in Calgary, Alberta. Retail arm Suncor Energy Products Incorporated is headquartered in Toronto, Ontario. Suncor Energy (U.S.A.) Inc. is headquartered in Greenwood Village, Colorado. Suncor Energy (U.S.A.) Pipeline Company is located in Cheyenne, Wyoming.
Products
Products of Suncor are sold in service stations in Ontariounder the Sunoco brand name and Colorado (via Phillips 66):
- Ultra 94, Gold Diesel fuels
- ecoWash car wash
- Suncor MasterCard
Facilities
Canada
- Oil sands mining and in-situ operations in the Athabasca oil sands region near Fort McMurray, Alberta. These facilities recover bitumen, a very heavy form of crude oil, from the oil sands.
- Four wind power projects, two in Alberta, one in Saskatchewan and one in Ontario. Together, these wind power projects have a generating capacity of 147 megawatts and are expected to offset the equivalent of approximately 266,000 tonnes of carbon dioxide annually.
- Upgrading operations that process bitumen into higher-quality synthetic crude oil. In 2007, Suncor had a processing capacity of more than 260,000 barrels of crude oil per day.
- 272 Sunoco retail service stations in Ontario
- 140 Pioneer-operated retail service stations in Ontario
- Sarnia Refinery
- St. Clair Ethanol Plant
- 60 UPI-operated service stations in rural Ontario
- Sunoco FleetFuels sites in southern Ontario
United States
- Commerce City, Colorado refinery
- Grand Junction CO Products Terminal
- 43 retail stations branded as Phillips 66 in the United States
Corporate Governance
Board of Directors
- John Ferguson, Chairman
- Mel E. Benson, Chair, Environment, Health and Safety Committee
- Brian Canfield, Chair, Audit Committee
- Bryan Davies, Chair, Human Resources and Compensation Committee
- Brian Felesky
- W. Douglas Ford
- Richard L. George, President and Chief Executive Officer
- John Huff, Chair, Board Policy, Strategy Review and Governance Committee
- M. Ann McCaig
- Mike O'Brien
- Eira Thomas
Management Team
- Rick George, President and Chief Executive Officer
- Steve Williams, Chief Operating Officer
- Kirk Bailey, Executive Vice President, Oil Sands
- Jay Thornton, Executive Vice President, Refining and Marketing
- Joel Croteau, Senior Vice President, Natural Gas and In Situ Resources
- Gord Lambert, Vice President, Sustainable Development
- Mike Ashar, Executive Vice President, Strategic Growth and Energy Trading
- Kevin Nabholz, Executive Vice President, Major Projects
- Ken Alley, Senior Vice President and Chief Financial Officer
- Terry Hopwood, Senior Vice President and General Counsel
- Sue Lee, Senior Vice President, Human Resources and Communications
- Bart Demosky, Senior Vice President, Business Integration
Environmental Record
According to a pollution watch fact sheet, in 2004, Suncor Energy's oil sands operations had the fourth highest greenhouse gas emissions among major industrial facilities in Canada and it was the ranked seventh in greenhouse gas emissions on a corporate-entity basis among Canadian companies.[1] While Suncor has reduced the greenhouse gas emissions intensity of its oil sands operations by more than 50% since 1990, with growing production, total (absolute) greenhouse gas emissions from the company's operations have continued to increase.
Community Involvement & Awards
In 2007, Suncor Energy was named one of Canada's Top 100 Employers, as published in Maclean's magazine, the largest oilsands development firm to receive this honour.[2]
References
See also
- Canadian Centre for Energy Information
- History of the petroleum industry in Canada (oil sands and heavy oil)
- Scotford Upgrader
- Syncrude