Quote:
Originally Posted by CaptainCrunch
CALGARY -- Canadian energy company Suncor says it is getting rid of its wind and solar assets.
In a news release Monday, the Calgary-based company says it still intends to be net-zero emissions by 2050, but will accelerate progress towards that target by focusing on hydrogen and renewable fuels instead.
Suncor says its strategy for hitting the 2050 goal is also focused on increasing shareholder returns
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I play beer league with a few Suncor guys, they're saying Suncor is looking at reducing debt and have been cuttings budgets (with associated job reductions) recently. Well the job reductions are still to come, they will depend on which budgets are cut.