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Contribution to Economy

The benefits of Suncor's success extend well beyond the returns we provide to shareholders. Our operations generate valuable revenues for governments as well as our suppliers and partners.

Royalties and Taxes. Between 2006 and 2008, Suncor paid $2.6 billion in royalties to the Alberta government, including $2.2 billion in oil sands royalties. Suncor paid an additional $2 billion in property and excise taxes to all three levels of government.

Taxes and Royalties

Capital Spending. Suncor's Board of Directors approved unprecedented levels of capital spending in 2007 and 2008—a combined total of more than $13 billion.

Taxes and Royalties

Goods and Services. Suncor spent a combined $16.5 billion on goods and services in 2007 and 2008. A look at our supply chain spending for 2008 shows we had 6,300 Canadian vendors spanning all 10 provinces as well as the Northwest Territories. The United States was our next biggest supplier (1,719 vendors), although we also purchased from 19 other countries. The range of goods and services is extensive and includes: electrical, catering, pipelines, tires, heavy equipment, computing, drilling, construction, engineering, environmental services, trucking, concrete and steel.

Aboriginal Partners. Whenever possible, Suncor prefers to use local vendors. In 2007 and 2008, we spent a combined $367 million on direct purchases from Aboriginal businesses in the Wood Buffalo region—helping us surpass a $1-billion spending milestone since we began keeping this data in 1992.

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