Insider Financial icon

Suncor Acquires Teck’s Oilsands Operations for $1 Billion

Suncor Energy Inc. will buy out Teck Resources Ltd.’s 21.3% stake in the Fort Hills oilsands project for about $1 billion, the two companies said late Wednesday. The oilsands mine north of Fort McMurray, Alberta, has a capacity of 194,000 barrels per day and is currently owned by Suncor, Teck, and the French company Total […]