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International

Wildfires force $557 million loss in Suncor Energy's oilsands production

July 29, 2016 Reprints

Canada's Suncor Energy Inc. has said that the northern Alberta wildfires in May reduced its oilsands production by about 20 million barrels in the second quarter of 2016, BlackburnNews.com reports. Suncor reported a net loss of $735 million Canadian

($557 million) in the quarter due to the impact of the wildfires. Suncor incurred an operating loss of CAD 565 million from the fires.

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Wildfires force $557 million loss in Suncor Energy's oilsands production

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