Suncor Energy announced on Thursday, January 2, 2023, the closing of the transaction to acquire an additional direct interest of 14.65%. It was under the Fort Hills project with Teck Resources Limited.

TotalEnergies EP Canada Ltd filed a notice of exercise of its right of first refusal to acquire the remaining 6.65% interest in Teck as TotalEnergies announced it on January 27, 2023. Indeed, the interim president and CEO Kris Smith , announced that he was “delighted to increase our participation in the Fort Hills project”; “our am plan “Performance improvements have previously been predicted to take place as expected and I am confident that by executing this plan, we will realize the long-term value of this asset,” she announced. Therefore, the purchase price of $688 million is subject to closing adjustments and is based on an effective date of November 1, 2022.

In fact, Suncor est la plus importante company integrated energy in Canada and its activities are particularly related to development, & agrave; the production and upgrading of oil sands, pétrolière offshore gas production and gas, petroleum refining in Canada and the United States, and networks of distribution of the company's Petro-Canada retail and wholesale sales, including the Trans-Canada Electric, a coast-to-coast network of EV fast charging stations.