Suncor Energy Stock Price, News & Analysis

Suncor Energy has announced the implementation of a Driver Safety System (DSS) to enhance operator safety within its haul truck fleet. This in-cab technology features a camera that monitors facial and eye movements, activating an alarm during micro-sleep or distraction events. Studies indicate that 40% of nighttime workers experience fatigue, with many nodding off during shifts. The DSS has already been implemented at Syncrude's Aurora and Mildred Lake sites and is currently being installed at Suncor's Base Plant. Gerald Pratt, General Manager of Mine Operations, emphasizes the importance of leveraging technology to improve safety.

Suncor Energy announced a significant achievement at its Mildred Lake upgrading facility, reducing sulphur dioxide (SO2) emissions from flaring by 80% compared to the previous five-year average. This new record low was accomplished through a site-wide effort, where extensive data was analyzed and presented clearly to teams, enabling informed decision-making. The company aims to minimize unnecessary flaring to comply with regulations and enhance its environmental stewardship.

Suncor Energy has introduced a new collision awareness system designed to enhance safety for heavy equipment operators in mining operations. This system provides operators with visual and audible alerts about nearby vehicles, their type, and distance, based on speed and direction. Jason Mercer, an experienced miner, praised the technology, calling it a 'game changer' for safety. The initiative aims to improve operational safety significantly in challenging mining conditions.

Suncor has partnered with LanzaTech to operate the Alpine demonstration at Edmonton's Waste Management Centre, focusing on converting carbon waste into low-carbon ethanol and biochemicals. Utilizing advanced biotechnological processes, the project intends to produce sustainable fuels like ethanol and bioplastics while enhancing economic viability. The technology, funded in part by the Government of Alberta, aims for a testing completion by mid-2023, with goals to offset fossil fuel usage and reduce greenhouse emissions. Suncor's commitment to net zero by 2050 underscores its dedication to renewable energy advancements.

Breakthrough Energy has awarded its first Catalyst project funding to LanzaJet's Freedom Pines Fuels SAF plant in Soperton, Georgia, marking a significant milestone in sustainable aviation fuel development. This funding comes after a meticulous review process, signaling confidence in LanzaJet's technology and Suncor's investment. The plant, projected to begin operations by the end of 2023, aims to produce nine million gallons of SAF annually, potentially reducing emissions by over 70% compared to traditional fossil fuels. This initiative is crucial for scaling SAF production and addressing aviation's carbon footprint.

Suncor Energy highlights the story of Veronica Big Plume, a traditional Elder and advisor in the Indigenous and Community Relations team. After her graduation from Mount Royal University, Veronica emphasizes the importance of traditional Elders in preserving Indigenous culture, having participated in Sundance ceremonies. She reflects on her journey and the role of support from colleagues in her professional growth. This narrative exemplifies Suncor's commitment to Indigenous relations and cultural reconciliation, featured in their 2022 Pathways magazine.

Suncor Energy recently announced the success of its innovative 'idea blast' initiative, aimed at generating solutions for complex challenges within the company. Launched by development manager Chris Fitzgerald, the program gathered over 100 ideas from supply chain employees and external partners over three months. This initiative, which promotes employee engagement and collaboration, has led to the development of two digital concepts intended to enhance worker experience and support Suncor's Northern Lights Project. The program was also a finalist for the Suncor Excellence Award.