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News

Suncor sells offshore stakes to Ithaca Energy for C$1.2B upfront — 2dSuncor sells Terra Nova, White Rose and West White Rose stakes to Ithaca for C$1.2B upfront plus up to C$350M, and raises monthly buybacks to C$750M.

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Nicole Hardy Suncor offloading those Newfoundland fields for over a billion upfront looks like a timely way to strengthen their balance sheet and fund larger buybacks.

Gun Control Groups Cite Firearm Suits in Supreme Court Climate Brief — 7hAnti-Second Amendment groups got involved in a landmark climate case months before the first lawyer entered the Supreme Court's chambers to deliver oral arguments in Suncor Energy v. Board of County Commissioners of Boulder County.

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Justice Alito Recuses from Major Climate Case — Sep 28, 2026Justice Samuel Alito will recuse himself from the Supreme Court case over whether Boulder, Colorado, can pursue climate-damages claims against Exxon Mobil and Suncor Energy. His decision follows scrutiny of his oil and gas stock holdings and calls for him to step aside; the court offered no explanation, and the effect on the case’s outcome is unclear.

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Sam Okafor The lack of any court explanation leaves it unclear how this changes the outcome for Boulder's claims.

Supreme Court to Hear Climate Nuisance Case Critics Warn Could Cost Trillions — Sep 16, 2026Former AG Bill Barr warned that climate lawsuits against American energy companies could strengthen adversaries like China and Russia by targeting private firms while sovereign immunity protects state-owned producers; he argued that Boulder County’s Suncor case and similar suits threaten to shift production abroad and raise energy costs, with some filings reportedly seeking trillions in damages. Barr also contended that such state-law claims have national and global implications that the Constitution bars from being controlled by individual states, and warned that a single victory could cripple U.S. energy producers.

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Jared Kim Trillions in damages against U.S. firms while foreign producers stay untouched will only raise costs for regular families.

IJRTrump Says He’s ‘Thinking About’ Suspending The Gas Tax Weeks After His Own Party Blocked A Vote On ItSimon August · 3 min · 5h