Quote:
Originally Posted by bizaro86
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.
|
In Suncor's case, I was referring more to their moves into hydrogen/renewable fuels.