Suncor

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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.

Financial outlook

Suncor's last big banking financing in 2007 tapped 18 banks, five of which were Canadian. On a new $3.5-billion Suncor loan package negotiated last month, TD tripled its commitment.[1]

Coal Gasification

In 2007, Suncor worked with Dow Chemical Co., Citi Sustainable Development Investments, and The AES Corp. to put together a $100 million investment for GreatPoint Energy, a coal gasification company based in Cambridge, MA.[1] The investment was used to create a pilot gasification plant called the Mayflower Clean Energy Center, located at Dominion's Brayton Point station in Somerset, Massachusetts. This was the largest "green tech" investment of 2007, and "one of the industry's biggest venture capital rounds ever."[2][3]

Directors

Accessed September 2009: [4]

Contact information

Suncor Energy Inc.
P.O. Box 38, 112 - 4 Avenue S.W.
Calgary, Alberta
Canada T2P 2V5

Phone: (403) 269-8100
Fax: (403) 269-6200

Website: http://www.suncor.com
Email: info AT suncormail.com

SourceWatch resources

External links

References

  1. “GreatPoint Energy closes $100 million capital raise co-led by Citi Alternative Investments and Dow Chemical”, GreatPoint Energy press release, September 24, 2007.
  2. Martin LaMonica, "Where coal and clean tech meet", Cnet, April 13, 2009.
  3. Robert Gavin, “Mass. plant will make natural gas from coal”, Boston Globe, October 25, 2007]
  4. Directors, Suncor, accessed September 25, 2009.

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