Wildfire Risk Forces Suncor To Shut Down Firebag Oil Sands Site: Report

Suncor Energy Inc. SU reportedly temporarily shut down its 215,000 barrel-per-day Firebag oil sands site in northern Alberta.

The company also reduced some production as a precautionary measure due to a wildfire approximately eight kilometers (five miles) away, reported Reuters.

Suncor Energy noted that it was retaining only essential personnel at the facility, located approximately 100 kilometers northeast of Fort McMurray, the oil sands hub.

According to the report, the company emphasizes that there was no risk to its other operations or the Firebag airport.

There are currently over 60 fires scattered across Alberta, with authorities assessing the danger in the northern areas of the province as ranging from very high to extreme.

In April, the Alberta government said Suncor Energy’s majority-owned oil sands producer Syncrude Canada would pay C$390,000 after pleading guilty to one charge under the Occupational Health and Safety Act (OHS Act) for failing to ensure the health and safety of a worker.

Price Action: SU shares are up 0.10% at $39.07 premarket at the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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