Suncor Energy announces $1.5 million program in support of flood-relief efforts
CALGARY, ALBERTA -- (Marketwired) -- 06/26/13 -- Suncor Energy today announced a comprehensive $1.5 million program to support flood-relief efforts in Southern Alberta. The funding and program will be administered through the Suncor Energy Foundation (SEF).
"While it is devastating to see the damage as a result of the unprecedented flooding, it is heartwarming to see the community rally together," said Steve Williams Suncor president and chief executive officer. "Many of our employees have been volunteering to help with the clean-up efforts and as a company, we will help. That's why we've developed a comprehensive flood-relief program that will deliver dollars to organizations that have expertise in getting funds to those who need it the most."
Suncor's flood-relief program will provide support in four areas: the immediate response, re-entry programs, recovery activity and rebuilding efforts.
On Friday, June 21, Suncor activated its Humanitarian Relief Program with a $150,000 donation to the Red Cross. Through the Humanitarian Relief program Suncor employees can also make donations to the Red Cross and these donations will be matched by the SEF.
As part of this $1.5 million program, Suncor will contribute to the United Way of Calgary and Area emergency fund. Through this fund, the United Way can support the many social service agencies that provide services for the re-entry of people who were the most heavily impacted by the flooding.
In addition, Suncor will provide financial and fuel assistance to support Bridges Social Development, a key organization supporting the relief effort and the long-term re-building of the First Nations directly affected by the flood.
In partnership with the Calgary Foundation and the CBC, Suncor has committed $100,000 to establish the Flood Recovery and Rebuilding Fund. The SEF will provide an additional $150,000 to match individual donations to the fund.
"The incredible efforts of first responders, the City and the countless examples of people pitching in to help friends, family and even strangers reinforce the strength of this community," continued Williams. "I know our spirit and hard work will carry us through this difficult time. Calgarians, Albertans, Canadians are resilient and we help each other."
Petro-Canada, a Suncor Energy Business, has provided fuel valued at approximately $25,000 to organizations supporting the relief efforts. In addition, Petro-Points members can donate their points in increments of 1,000 points to the Red Cross and Petro-Canada will match those points dollar for dollar.
Suncor through the Suncor Energy Foundation continues to work with community organizations to assess need and determine where additional support is the most needed.
Suncor Energy and the Suncor Energy Foundation (SEF) have a proud history helping build sustainable communities through collaborative partnerships that enhance the quality of life in key operating areas. Over the past 10 years, Suncor and the SEF have invested more than $110 million in charitable and non profit organizations across Canada and internationally. The SEF is a private, charitable foundation established to receive Suncor's contributions and support registered Canadian charitable organization.
Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
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