All figures in Canadian dollars.
CALGARY, Feb. 25 /CNW/ - Suncor Energy today announced it invested $13.8
million in more than 700 charitable organizations and non-profit groups in
2008. Approximately $8.5 million of that total was invested through the Suncor
Energy Foundation, which supports charitable organizations in Canada. An
additional $5.3 million was invested by different Suncor businesses through
cash and in-kind contributions.
Suncor's and the Suncor Energy Foundation's investments in 2008 were
focused in four priority areas:
- $6.9 million for community projects, including programs that support
- $3.7 million for educational programs, specifically in skilled
trades, science and technology
- $2.3 million for environmental initiatives including conservation
projects and community education initiatives
- $850,000 on behalf of more than 600 employees who volunteered and
fundraised in their communities.
Cathy Glover, director, community investment and the Suncor Energy
Foundation, says the success of these investments goes beyond numbers. "The
amount we invest is just one measure of success," she comments. "Suncor
employees' efforts are also a big part of what we do. From United Way
contributions to coaching local sports teams, Suncor's people lead the way
when it comes to connecting with and strengthening their communities."
Investing in communities continues to be a core value for Suncor. We are
committed to working with community partners to help address the challenges of
the current economic climate. Our support for community endeavors is one
reason that Suncor is consistently named among Canada's top companies for
corporate social responsibility, and as a top employer.
Over the next decade, the Foundation's board of directors intends to
build on relationships and partnerships with community organizations, to
strengthen their capacity for leadership and growth. "Our approach to
investment has evolved from reacting to requests for funding to planning and
partnering," says Glover. "Our goal is to find innovative and focused
investment opportunities that have the greatest impact in our communities."
In 2008, the Suncor Energy Foundation marked its tenth anniversary. Over
the past decade, Suncor and the Foundation have invested more than $74 million
in community, educational and environmental initiatives.
This news release and related backgrounder contains forward-looking
statements identified by the words "working with", "goal", "announced" and
similar expressions that address expectations or projections about the future.
Forward-looking statements are based on current goals, expectations,
estimates, projections and assumptions made in light of its experiences and
the risks, uncertainties and other factors related to its business. Readers
are cautioned that actual results could differ from those expressed or
Suncor Energy Inc. is an integrated energy company headquartered in
Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray,
Alberta, extracts and upgrades oil sands and markets refinery feedstock and
diesel fuel, while operations throughout western Canada produce natural gas.
Suncor operates a refining and marketing business in Ontario with retail
distribution under the Sunoco brand. U.S.A. downstream assets include pipeline
and refining operations in Colorado and Wyoming and retail sales in the Denver
area under the Phillips 66(R) brand. Suncor's common shares (symbol: SU) are
listed on the Toronto and New York stock exchanges.
Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips
66(R) brand and marks in the state of Colorado. Sunoco in Canada is separate
and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc.
The Suncor Energy Foundation is a private, non-profit charitable
foundation established by Suncor to receive Suncor's contributions and support
registered Canadian charitable organizations. Its funding priorities are
educational, environmental and community-based initiatives that primarily
support Suncor's operating communities. Since its inception in 1998, the
Foundation has contributed more than $57 million to Canadian communities.
For more information on the Suncor Energy Foundation and Suncor's
community investment activities, visit www.suncor.com/community.
BACKGROUNDER: Suncor Energy 2008 community investment highlights
All figures in Canadian dollars.
Suncor invested in more than 700 charitable organizations and non-profit
groups in 2008, helping support everything from science fairs to family
clinics. Community investments by Suncor Energy and the Suncor Energy
Foundation included the following projects:
- Announced $2 million over five years to the Northern Lights Regional
- Announced $2.5 million over five years toward development of a
performing arts centre attached to the new Holy Trinity Catholic High
School in Fort McMurray's Timberlea area. The centre is planned to
incorporate a 350-seat theatre, a professional dance studio and
associated facilities, and is expected to be used by the school's
performing arts programs as well as other community arts groups.
- Celebrated the opening of the Sustainability Centre at Lambton
College in Sarnia, Ontario. The new centre marks the culmination of a
three-year $1.05 million commitment.
- Announced $311,000 over five years to Denver's Road Home and $750,000
over three years to the Calgary Committee to End Homelessness. Both
organizations are working to provide people facing homelessness with
access to safe, decent and affordable housing as well as the
resources and support necessary to sustain it.
- $100,000 to the Boys and Girls Club of Metro Denver, Colorado which
provides structured youth activities, direction and positive adult
interaction for youth.
- $10,000 to Safe Kids of Wyoming, an organization that focuses on
preventing childhood injuries.
- $2.6 million from Suncor employees and the Suncor Energy Foundation
for United Way campaigns in communities where Suncor operates,
including Calgary, Edmonton, Grande Prairie, Fort McMurray, Sarnia,
Toronto and Denver
- Announced $2 million over five years to the Telus World of Science -
Calgary. The investment will fund the Suncor Energy Foundation Design
It! gallery in the new science centre. The gallery will create an
environment for teens and young adults, where unusual combinations of
art, science, technology, style and music can inspire innovative
- Announced $600,000 over three-years to the University of Calgary
Suncor Energy Foundation Chair in Competitive Strategy and
Sustainable Development. The mandate of this position is to
strengthen the energy industry by advancing knowledge in
environmental management and sustainable development. The Foundation
has been supporting this Chair since 1998.
- $37,500 to the expansion of the skilled trades and apprenticeship
program at Mohawk College in Ontario.
- $10,000 to Junior Achievement of Sarnia, Ontario, for the Economics
of Staying in School program.
- $124,000 to Red Rocks Community College. The donation will help
expand the school's customized education programs for process
operators and craft technicians and fund scholarships for students
entering the process technology program.
- Announced $1.5 million over five years to the Ducks Unlimited Western
Boreal Program to help enhance conservation of wetlands in the
western boreal forest region. Work is expected to include gathering
and sharing examples of best practices in the oil and gas industry,
coordinating research into watershed function, and helping to raise
awareness of the importance of wetlands.
- Announced $1.5 million over three years to the Alberta Conservation
Association (ACA) Boreal Habitat Initiative. Through this
partnership, Suncor and ACA are looking for sustainable ways to
offset the land disturbances of our oil sands developments.
- Announced $1.2 million over five years to support Greenprint Denver
and the Governor's goal to plant one million trees throughout the
Denver region by 2025.
- $675,000 over three years to Earth Day Canada, an environmental
education program that provides Canadians with practical knowledge
and tools to lessen their impact on the environment. In partnership
with Sunoco retailers in Ontario, Earth Day events take place in five
communities including eco-festivals and tree planting.
- Announced $150,000 per year over three years to the Regional
Municipality of Wood Buffalo public education and awareness program
for recycling in Fort McMurray and area.
- $35,000 combined investment to environmental education initiatives
including the Alberta Council for Environmental Education, and the
Colorado Alliance for Environmental Education.
For further information:
For further information: Media inquiries, contact: Shawn Davis, (403)