Venezuelan expats who helped propel Canada oil sands growth see return home as unlikely [BNN Bloomberg (Canada)]
Suncor Energy Inc. (SU)
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Source: BNN Bloomberg
Office towers in the corporate heart of Canada's oil and gas sector were at the time heavily populated with Venezuelan expats who had fled persecution and economic stagnation in their home country. Wintry and vast, Canada is geographically far from the heat and humidity of Venezuela. But the oil sands of northern Alberta and Venezuela's Orinoco Belt produce a remarkably similar variety of thick, tar-like heavy crude, a fact that over the decades prompted thousands of Venezuela's best and brightest engineers, scientists and geologists to move to cities like Calgary, Edmonton and Fort McMurray. “We were over-represented. I knew another professional at every single company downtown,” said Cabana, who came to Canada in 2006 and spent more than a decade in project management positions in Canada's energy sector. These expats helped Canada develop its oil sands and become the world's largest producer of heavy crude, even as Venezuela's own oil production declined. And in spite of U.S.
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SU
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- 2/3/26 - Beat
SU
Sec Filings
- 2/4/26 - Form 6-K
- 2/4/26 - Form 6-K
- 2/4/26 - Form 6-K
- SU's page on the SEC website