Destructive Wildfires Disrupt Canadian Oil Sands Production
SUSuncor(SU) ZACKS·2024-07-19 21:10

The wildfires in Alberta, Canada, have come back with a vengeance, fueled by intense heat and dry conditions. Over the past few days, around 200 burns have been reported across the province. The situation is dire, with fire bans and severe fire threat alerts issued for areas close to oil sands production sites. In May, an uncontrollable fire neared Fort McMurray, the heart of Canada’s oil sands, prompting the evacuation of 6,600 residents. By July, the situation worsened, with fires disrupting oil sands out ...