Generating revenue for governments, suppliers and partners – get the numbers on Suncor’s contribution to the economy in the 2014 Report on sustainability

Suncor’s contribution to the economy – 2014 Report on sustainability

Generating revenue for governments, suppliers and partners – get the numbers on Suncor’s contribution to the economy in the 2014 Report on sustainability

Suncor's success generates valuable revenues for governments as well as our suppliers and partners. Read more about Suncor’s contribution to the economy in the 2014 Report on sustainability

View the latest Report on Sustainability

Contribution to economy

The benefits of our success extend well beyond the returns we provide to shareholders. In 2013, we contributed a combined $4 billion in royalties and taxes for governments – revenues that were then available to help fund public sector programs, including education, health care and vital infrastructure.

We also generate economic growth and prosperity through our purchase of goods and services. Our combined spending on goods and services in 2013 totalled $11.5 billion. We had more than 8,600 vendors worldwide.

Royalties and taxes: In 2013, royalties totalled just over $2 billion, including $859 million directed to the Alberta government for oil sands royalties. As well, income taxes totalled approximately $2 billion to governments in Canada and internationally.*

* Does not include excise taxes collected and remitted by Suncor.

Capital spending: Capital and exploration expenditures totalled $6.8 billion in 2013, compared to $7 billion in 2012.

Goods and services: A look at our supply chain spending shows we had more than 6,500 Canadian vendors spanning all 10 provinces as well as the Northwest Territories and Yukon. The United States was our next biggest supplier (more than 1,600 vendors), and we also purchased from 50-plus other countries.

The range of goods and services is extensive and includes:

  • heavy equipment
  • drilling
  • construction
  • engineering
  • environmental services
  • mining services
  • chemicals
  • structural steel products
  • electrical
  • catering
  • pipes, flanges and fittings
  • marine and subsea services

Aboriginal partners: In 2013, we spent more than $431 million on direct purchases from Aboriginal businesses. Since 1999, Suncor has spent almost $2.5 billion with Aboriginal businesses, nearly half of which was spent since 2011. We prefer to use local vendors whenever possible.

Read more about economic contribution in our Oil Sands Question and Response (OSQAR) blog