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Author	Topic: Suncor pleads guilty to price fixing	Post a Reply Back to Topics

rhVictoria Champion Author Victoria Posts:1,207 Points:791,520 Joined:Feb 2009	Message Posted: Apr 13, 2012 2:05:27 PM Ignore rhVictoria Report Abuse Suncor Energy Products Inc. pleaded guilty Friday to illegally fixing gasoline prices at its pumps in Belleville, Ont., five years ago, and was sentenced to pay a $500,000 fine. The Calgary-based energy giant is the latest company to have its reputation tarnished by an investigation by federal Competition Bureau for price-fixing at the gas pumps in Eastern Ontario. Visit The Globe and Mail for full article

rhVictoria

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Victoria

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Message Posted: Apr 13, 2012 2:05:27 PM

Ignore rhVictoria Report Abuse

Suncor Energy Products Inc. pleaded guilty Friday to illegally fixing gasoline prices at its pumps in Belleville, Ont., five years ago, and was sentenced to pay a $500,000 fine.

The Calgary-based energy giant is the latest company to have its reputation tarnished by an investigation by federal Competition Bureau for price-fixing at the gas pumps in Eastern Ontario.
Visit The Globe and Mail for full article

REPLIES (newest first)Ignore Short Messages

DanMtz Champion Author Oakland Posts:3,330 Points:1,238,450 Joined:Oct 2009	Message Posted: Apr 15, 2012 9:55:17 AM Ignore DanMtz Report Abuse Send them to the gallows.
dave27johnson Champion Author Chicago Posts:1,784 Points:404,490 Joined:Feb 2012	Message Posted: Apr 15, 2012 9:09:21 AM Ignore dave27johnson Report Abuse It's a start.
52MPG Champion Author Dayton Posts:7,242 Points:1,737,705 Joined:Apr 2006	Message Posted: Apr 15, 2012 1:11:15 AM Ignore 52MPG Report Abuse More competition is needed.
BuckyTJones Champion Author Salt Lake City Posts:4,932 Points:967,950 Joined:Mar 2010	Message Posted: Apr 13, 2012 11:16:29 PM Ignore BuckyTJones Report Abuse Why does some news get the microscope and public outrage and deserve it. And Eric Holder the highest ranking law enforcer can be involved with a murder and gun smuggling to the drug cartel and no outrage???
CdnLynx Champion Author Ontario Posts:1,018 Points:520,990 Joined:May 2008	Message Posted: Apr 13, 2012 11:06:45 PM Ignore CdnLynx Report Abuse collusion and price fixing has been going on since we converted from gallon to litre and probably before. Masses are growing restless; gov't trying now to appease the smoldering pot social discourse! Thieving continues, as we speak from sea to shining sea. [Edited by: CdnLynx at 4/14/2012 12:09:08 AM EST]
lesndave Champion Author Texas Posts:3,017 Points:696,405 Joined:May 2011	Message Posted: Apr 13, 2012 10:24:30 PM Ignore lesndave Report Abuse Five years ago ?!?!?!?!?
aquarinut Champion Author British Columbia Posts:1,628 Points:436,005 Joined:Jul 2011	Message Posted: Apr 13, 2012 9:56:12 PM Ignore aquarinut Report Abuse With profit amounts (Not margins!) that oil companies are making.... the fines should be ten times higher and payable at time of sentencing for stealing from the general public. [Edited by: aquarinut at 4/13/2012 10:59:18 PM EST]
NHLiveFree Champion Author New Hampshire Posts:11,066 Points:1,618,325 Joined:Jun 2008	Message Posted: Apr 13, 2012 9:36:53 PM Ignore NHLiveFree Report Abuse One more corportation, Suncor, in the Big Oil Hall of Shame.
DerHahn Champion Author Illinois Posts:13,681 Points:2,109,160 Joined:May 2004	Message Posted: Apr 13, 2012 8:24:49 PM Ignore DerHahn Report Abuse fine should be much larger and come in a much shorter amount of time
bandannaman Champion Author New Jersey Posts:1,849 Points:365,610 Joined:Dec 2010	Message Posted: Apr 13, 2012 7:57:46 PM Ignore bandannaman Report Abuse Silly.
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Apr 13, 2012 6:12:28 PM Ignore eomc17 Report Abuse Five years ago??? And the fine is TINY compared to what they gained by fixing gas prices, which still happens to this day, %=&* pirates.
race2IT Champion Author Fort Worth Posts:1,765 Points:720,800 Joined:Oct 2008	Message Posted: Apr 13, 2012 5:50:20 PM Ignore race2IT Report Abuse Yes.
dunedate All-Star Author California Posts:865 Points:145,355 Joined:Jan 2010	Message Posted: Apr 13, 2012 5:41:23 PM Ignore dunedate Report Abuse ok
mike1881 Champion Author Fayetteville Posts:1,275 Points:560,425 Joined:Feb 2011	Message Posted: Apr 13, 2012 5:26:53 PM Ignore mike1881 Report Abuse Surprise surprise. I am sure more gas companies could be charged.
Meowmy Champion Author Florida Posts:1,293 Points:347,255 Joined:Jan 2011	Message Posted: Apr 13, 2012 5:12:31 PM Ignore Meowmy Report Abuse Not surprised. That's 'zonal pricing' too.
kag2010 Champion Author Winnipeg Posts:5,234 Points:1,015,760 Joined:Apr 2010	Message Posted: Apr 13, 2012 5:06:52 PM Ignore kag2010 Report Abuse Oh that's funny good going.
ktbaeohana Champion Author Las Vegas Posts:2,291 Points:419,725 Joined:Mar 2010	Message Posted: Apr 13, 2012 5:03:16 PM Ignore ktbaeohana Report Abuse How many more gas station is do this. There from Canada that worse of, an what else are they doing.
MusicalMan7 All-Star Author Ohio Posts:597 Points:93,330 Joined:Apr 2012	Message Posted: Apr 13, 2012 3:53:30 PM Ignore MusicalMan7 Report Abuse Gotta wonder how much of that goes on and is never caught...
dgerst Champion Author South Carolina Posts:2,691 Points:551,800 Joined:Aug 2008	Message Posted: Apr 13, 2012 3:50:09 PM Ignore dgerst Report Abuse So is a class action suit being worked on?
PurplepassionNC All-Star Author North Carolina Posts:838 Points:157,310 Joined:Mar 2012	Message Posted: Apr 13, 2012 3:31:36 PM Ignore PurplepassionNC Report Abuse Oh that's funny good going.
humblepie Champion Author Toledo Posts:34,031 Points:2,366,395 Joined:Mar 2006	Message Posted: Apr 13, 2012 3:26:05 PM Ignore humblepie Report Abuse book em danno and give them the chair
doeslayersr Champion Author Illinois Posts:9,078 Points:867,030 Joined:Dec 2010	Message Posted: Apr 13, 2012 3:25:45 PM Ignore doeslayersr Report Abuse But when a government entity fixes a price it is ok? It is called price controls.
Night Owl Champion Author Toronto Posts:7,530 Points:1,782,600 Joined:Jul 2004	Message Posted: Apr 13, 2012 3:13:21 PM Ignore Night Owl Report Abuse Good that they paid for their crime.
hornet17 Champion Author Vancouver Posts:1,323 Points:440,865 Joined:Aug 2011	Message Posted: Apr 13, 2012 2:17:58 PM Ignore hornet17 Report Abuse Good to hear