News

Suncor keeps 2020 oil budget flat, approves $300 million wind farm project

Suncor keeps 2020 oil budget flat, approves $300 million wind farm project
Canada
The Calgary-based company says its capital budget for 2020 will rise by about 10 per cent to a mid-point of $5.7 billion from this year’s $5.15 billion.

Suncor announced it has sanctioned the first 200-megawatt phase of its Forty Mile Wind Power Project, which received Alberta regulatory approval last spring. About 25 per cent of the capital cost is expected to be incurred this year and the remainder in 2020 and 2021.

Suncor say the project is a key component of its sustainability strategy as it targets cutting its greenhouse gas intensity by 30 per cent by 2030.
Read more on globalnews.ca
News Topics :
Similar Articles :
Business
The Calgary based company says its capital budget for 2020 will rise by about 10 per cent to a mid point of $5.7 billion from this year’s $5.15 billion. Suncor announced it...
Business
Canadian Oil Sands Ltd set a capital expenditure target of $295 million for 2016, down about 35 per cent from the estimated budget for 2015, saying the Syncrude oil sands project...
Business
“Our oilsands production is expected to be slightly reduced in 2016, versus 2015 as a result of significant planned maintenance activities scheduled at various facilities, ” Suncor president and CEO Steve...
Business
Suncor Energy Inc., Canadas largest oil and gas company, said it expected production to rise by more than 13 per cent next year and spending to fall by more than...
Business
CALGARY Suncor Energy TSX SU is blaming delays caused by last spring s devastating Fort McMurray, Alta., wildfire, along with construction changes to boost capacity, for a $1.4 billion to $1.9 billion...