Suncor Energy Inc. to Divest Wind and Solar Assets for Focus on Hydrogen and Renewable Fuels
Greenpeace criticizes Suncor's decision to exit wind and solar energy business 🔗
Suncor Energy Inc. has announced its decision to divest its wind and solar assets to focus on hydrogen and renewable fuels. This move has been criticized by Greenpeace Canada, as a new UN report identifies wind and solar as crucial technologies to combat global warming. Suncor plans to invest in hydrogen and biofuel technologies, but critics argue that these are not as advanced as wind and solar. The company's decision to exit wind and solar marks its second major asset divestiture announcement in recent months, following its plans to divest its Norway exploration and production assets.