Suncor Energy teleconference to review $20.6 billion expansion plans and 2008 capital spending program



    CALGARY, Jan. 30 /CNW/ - Suncor Energy Inc. will host an investor and
media teleconference today at 8:00 a.m. MT/10:00 a.m. ET to review the Board
of Directors' approval of a $20.6 billion capital plan to expand production to
550,000 barrels per day in 2012 and the company's related capital spending
plans for 2008 (see separate news releases issued today).
    Representing management will be Rick George, president and chief
executive officer, Ken Alley, senior vice president and chief financial
officer and John Rogers, vice president, investor relations. A question and
answer period will follow brief remarks from management.
    To participate in the teleconference, call toll-free 1-800-595-8550.
Those calling from outside of North America should dial +1-416-644-3414. A
replay of the conference call will be available until February 13, 2008. To
access, dial 1-877-289-8525 (pass code: 21261531 followed by the pound sign).
Callers from outside North America should dial +1-416-640-1917 (pass code:
21261531 followed by the pound sign).
    To participate in the conference via webcast, go to
www.suncor.com/webcasts.

    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.
of Philadelphia.





For further information:

For further information: Media: Brad Bellows at (403) 269-8717;
Investors: John Rogers at (403) 269-8670

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Suncor Energy Inc.

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