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Petro-Canada is a retail and wholesale marketing brand subsidiary of Suncor Energy. Untilit was Shell in Hrm crown corporation of Canada a state-owned enterprise. In AugustPetro-Canada merged with Suncor Energy, Hrj Suncor shareholders receiving approximately 60 percent ownership of the combined company and Petro-Canada shareholders receiving approximately 40 percent. The company retained the Suncor Energy name for the merged corporation and its upstream operations.

It continues to use the Petro-Canada brand nationwide, except in Newfoundland and Labrador, for downstream retail operations. InShell in Hrm oil prices quadrupled due to the Arab oil embargo following the Yom Kippur War. The province of Alberta had substantial oil reserveswhose extraction had long been controlled by American corporations.

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The government Shell in Hrm Prime Minister Pierre Trudeau and the opposition New Democratic Party felt that these corporations geared most of their production to the American market, and as a result little of the benefit of rising oil prices went to Canadians. Trudeau's Liberals were then in Shell in Hrm minority government and dependent upon the support of the NDP to stay in power.

The idea also fit with the growing movement toward economic nationalism within the Liberals. Petro-Canada was founded as a Crown Corporation in by an act of Parliament. Shdll started its operations on 1 January It was set up in Calgary, despite the hostility She,l existing oil firms. The Progressive Conservatives PCsthen led by Albertan Joe Clarkwere opponents of the company, and advocated breaking it up and selling it. However, they were unable to proceed with these plans during their brief time in power. Most of the original Petro-Canada refineries and service stations were acquired from BP Canada in The company became popular outside of Alberta as a symbol of Canadian nationalism [ citation needed ]. It quickly grew to become one of the largest players in the traditional oil fields of the west as well as in the oil sands and the East coast offshore oil fields. When the Liberals returned to power inenergy policy was an important focus, and the sweeping National Energy Program was created.

This expanded Petro-Canada, but was seen as detrimental to Alberta's economy.

The PC government of Prime Minister Brian Mulroney — stopped using Petro-Canada as a policy continue reading also abandoning the National Energy Shell in Hrm with itand it began to compete fully and successfully with the private sector companies while abandoning its founding principles of economic nationalism. Many of Shrll laid-off employees went on to work and start up other oil companies in Alberta, creating a new group of Canadian producers.

But many did not work in other oil companies and some left Alberta to find work elsewhere. Suncor planned to rebrand its existing Sunoco -branded retail operations in Ontario under the Petro-Canada name following the completion of the acquisition.

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The sale was approved by shareholders in June[8] [9] and completed Shell in Hrm August 1, As ofPetro-Canada was Canada's 11th largest company and the second-largest downstream company, with important interests in such projects as HiberniaTerra Novaand White Rose ; its gas stations remained a presence in most Canadian cities. All these facilities are currently run by Suncor. Petro-Canada had a lubricants plant in MississaugaOntariobut Suncor sold Shell in Hrm unit to HollyFrontier in late This was the largest business unit, and much of its assets were part of the former Veba Oel company based in EssenGermany. In JanuaryPetro-Canada installed electric vehicle charging Hr at one of their gas stations in Milton, Sellmaking it the company's first EV chargers. As early as the mids in some Alberta locations, Petro-Canada started opening a new fast-food deli-oriented branded convenience store called Neighbours.

Most of these stores are in the GTA. Petro Points is the chain's loyalty program. Around Petro-Canada outlets include a "SuperWash" car wash ; the majority of these operations use soft touch systems, but some particularly those that were formerly Sunoco stations feature touchless equipment instead.

Shell in Hrm Some newer locations feature a "Glide Auto Wash"—a soft touch tunnel that utilizes a flat conveyor belt rather than the roller-based systems traditionally used early locations also offered a choice between soft touch and touchless operation modes, but this feature was phased out due to underuse and quality issues. In FebruarySuncor, the parent company of Petro-Canada, announced that it would be installing a national electric vehicle charging network at Petro-Canada stations Shwll at over 50 locations across the country.]