Suncor CEO urges Alberta to find way out of NDP-imposed oil production curtailments GlobeBusiness
Suncor's outgoing CEO Steve Williams is urging Alberta's new UCP government to find a way out of mandatory oil production curtailments.The outgoing chief executive of Canada’s Suncor Energy on Thursday urged the new Alberta government to find a way out of mandatory oil production curtailments that were imposed this year to help boost crude prices.
Williams will retire next week after 17 years with Canada’s largest energy company by market capitalization, having spent seven of those years at the helm.His departure coincides with Jason Kenney’s United Conservative Party’s taking power in Alberta, with a promise to aggressively champion the province’s beleaguered energy industry.
Last year Canadian oil prices hit a record discount as pipeline congestion led to a glut of crude building up in Alberta storage tanks, prompting the previous provincial government to impose temporary production cuts effective Jan. 1. In the short-term curtailments have boosted prices, but in the medium- and long-term the intervention has made crude-by-rail shipments uneconomic and is deterring investment in the province, he said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CEO of U.S. firm selling cannabis technology attended $1,600 Liberal Party fundraiser with Justin TrudeauIan Jenkins, the head of Frelii Inc., received the ticket from a Liberal donor to accompany him to an April 5 party fundraiser with Mr. Trudeau even though he is American
Read more »
REAL SCOOP: CEO of criminal encryption company hid $80 millionRichmond resident Vincent Ramos’s underworld nicknames were “CEO” and “Business.” He was so successful in providing encrypted BlackBerries and other electronic devices…
Read more »
Royal Bank of Scotland CEO McEwan stepping down after more than five yearsRoyal Bank of Scotland CEO McEwan stepping down after more than five years GlobeBusiness
Read more »
Tesla CEO heads down perilous road in pursuit of profitTesla has lost nearly $6 billion since setting out to revolutionize the auto industry 15 years ago, but CEO Elon Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots.
Read more »
Trump summons Twitter CEO to White House to complain about his follower countTrump has inflated his follower numbers in the past, while those around him have claimed Twitter is unfairly banning Republicans
Read more »
'The gold was never there': A miner's reserves evaporate amid battle with former CEOEven in an industry known to be high-risk, the sudden evaporation of more than a million ounces of gold raised eyebrows
Read more »
WestJet CEO Ed Sims will stick with Boeing 737 Max 8 as airline's turnaround plan continuesOnce the 737 Max software is re-certified it ‘will be the safest narrow-bodied aircraft in the skies’
Read more »
Canada’s anti-spam law used against former CEO of coupon marketing companyCRTC says Conley is the first individual to be held liable for violations committed by a corporation
Read more »
How Lundin CEO Marie Inkster plans to change mining’s bad reputation“I think we are an easy target”: How Lundin CEO Marie Inkster plans to change mining’s bad reputation (subscribers) robmagca globebusiness
Read more »
PIRC advises against re-appointing Dennis Muilenburg as Boeing chairman and CEOPensions & Investment Research Consultants recommended to Boeing investors that responsibility of running the board and business should not lie with one individual
Read more »
CBS suspends CEO search, renewing Viacom merger speculationSpeculation over the past few months about CBS considering for the third time a tie-up with Viacom hindered its search for a CEO as candidates worried about how their position could be jeopardized
Read more »