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Bitumen Producers in Pursuit of Low-Carbon Barrels
August 17, 2023–Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)–Oil sands production for Canada showed resilience even during a low-price cycle during the first half of the year and the pursuit of a low-emissions economy, quarterly earnings show.
Canadian energy company Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta) joined the list of those seeing the weak commodity cycle from the first half of the year bruise revenues, though production came in on par with trends and with lower emission intensity.
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