Steve Williams, who retires next week, urges Alberta to stop oil curtailments and blames regulators and government for Canada’s failure to build pipelines
CALGARY, Alberta — 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.
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. 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.
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