Having oil sands production and downstream operations under the same company roof can be good for more than the bottom line.
Osoyoos Indian Band owned and operated Petro-Canada
This is certainly true of Suncor. As an integrated player, we can generate economic prosperity from the ground to the gas station. And we’re focused on sharing wealth created through energy development with Aboriginal communities in the region, as well as further afield.
One way we do this is by partnering with Aboriginal businesses across Canada in marketing Petro-Canada products and services.
Through its Petro-Canada-branded retail, wholesale and lubricant products and services, Suncor, directly or through its marketers, has over 100 partnerships with Aboriginal businesses.
Canada’s Gas Station
Petro-Canada gas stations are the most visible of these partnerships. The construction and investment in stations allow entrepreneurs to become retail operators and, in turn, hire local employees.
Agreements for the first Petro-Canada-branded gas stations were completed with Aboriginal business partners in B.C. in 1997. Today, First Nations own 16 Petro-Canada branded gas stations. These sites are primarily in B.C. and Saskatchewan. The first site on an urban reserve recently opened in Winnipeg.
Exploring more opportunities to expand the Petro-Canada network in Aboriginal communities is something we are advancing. Last year, for example, we held a conference in Osoyoos, B.C., where we already have a retail site operating in partnership with the Osoyoos Indian Band. Fifty Aboriginal communities sent representatives, and the session was co-hosted by Clarence Louie, Chief of the Osoyoos Indian Band.
Building on success in Wood Buffalo
For years, Suncor has worked with Aboriginal communities in Wood Buffalo to develop new businesses and contract their goods and services. Since 1999, we have spent almost $2.5 billion with Aboriginal businesses in the oil sands region.
Having integrated operations enables us to work with Aboriginal businesses and communities across Canada which means we can involve more Aboriginal communities to benefit from energy development.