Suncor Energy completed the acquisition of a 21.3% stake in Fort Hills Energy from Teck Resources for $1bn.

Suncor Energy, an integrated energy company, completed the acquisition of a 21.3% stake in Fort Hills Energy, a sand mining company, from Teck Resources, a diversified natural resources company, for $1bn. "This transaction advances our strategy of pursuing industry leading copper growth and rebalancing our portfolio of high-quality assets to low carbon metals,” Jonathan Price, Teck Resources CEO.