Quote:
Originally Posted by calf
What I find interesting is there are a number of large companies entering the renewables and clean fuels space, making huge investments. Suncor, Enbridge, TC, etc. The UCP is making policies that would actively make those projects harder to get through, or make them less economic. A lot of the same things that they complain about Trudeau doing for Oil and Gas. It boggles my mind.
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Suncor just sold their wind projects and reinvested the money buying Teck's share of the Fort Hills oilsands mine. But I think the primary reason is that there is a huge valuation difference in the market between "green" assets and "dirty" assets. So if you trade at an O&G valuation it's rational to sell green assets and buy o&G assets.