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Suncor Energy Releases its 2007 Report on Sustainability

Suncor Energy Releases its 2007 Report on Sustainability

Published 06-25-07

Submitted by Suncor Energy Inc.

CALGARY, ALBERTA- June 25, 2007 - Suncor Energy Inc. today released its 2007 Report on Sustainability "“ a comprehensive review of Suncor's social, environmental and economic performance for the past two years.

The report, entitled 'A Closer Look at Our Journey Toward Sustainable Development,' profiles Suncor’s progress on a wide range of sustainability objectives and also takes a detailed look at four key challenges facing the company: community sustainability, climate change, water management and labour shortages.

"In every edition, we challenge ourselves to be more frank and offer more insight on the impacts of our operations," says Gord Lambert, vice president, sustainable development. "Sometimes it's hard to see it in black and white but that’s the value of the report. It helps focus our efforts and keeps us on our path toward sustainability."

Suncor’s Report on Sustainability provides a five-year performance trend in a number of key areas. Performance highlights from that period include:

  • A two-thirds reduction in employee lost-time injury frequency

  • A record $40 million invested in charitable and non-profit causes

  • A 14% increase in total greenhouse gas (GHG) emissions. GHG emission intensity remained relatively unchanged

  • A 55% reduction in the amount of water used per barrel of oil produced

  • More than $5 billion paid in taxes and royalties

    Suncor compiled this report in accordance with the Global Reporting Initiative G3 Guidelines "“ an internationally recognized standard in sustainability reporting. As in previous years, an independent third party verified a number of performance indicators.

    Copies of Suncor's Report on Sustainability are available at http://www.suncor.com/acloserlook or by calling 1-800-558-9071.

    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® brand. Suncor’s common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

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    Suncor Energy Inc.

    Suncor Energy Inc.

    Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil and gas; petroleum refining in Canada and the U.S.; and the company's Petro-Canada retail and wholesale distribution networks (including Canada's Electric Highway™, a coast-to-coast network of fast-charging electric vehicle stations). Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor has been recognized for its performance and transparent reporting on the Dow Jones Sustainability index, FTSE4Good and CDP. Suncor is also listed on the UN Global Compact 100 stock index. Suncor's common shares (symbol: SU) are listed on the Toronto Stock Exchange and the New York Stock Exchange.

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