Strategy includes Suncor helping its customers contribute to a net-zero world by providing them with cleaner energy choices such as renewable fuels and the Petro-Canada Electric Highway.
In the short-term, however, the International Energy Agency expects global oil demand to reach around 99 million barrels per day by year-end -- up from 93 million barrels per day in the first quarter of 2021.
Chevron Canada Ltd., the operator of the project, said earlier this year that it would stop funding further feasibility work on the project and put its stake up for sale.
