Suncor CEO’s parting shot: Let the oil markets work again – by Chris Varcoe (Calgary Herald/Financial Post – April 26, 2019)

Suncor’s retiring CEO Steve Williams dissects carbon policy, curtailment and oilpatch investment woes

When Steve Williams took over the helm of Suncor Energy seven years ago, he described working in the oilsands as “the ultimate marathon.” The endurance race of heading up Canada’s largest oilsands producer is now winding down for Williams.

A dedicated long-distance runner, the 63-year-old chief executive will step down as Suncor’s leader next week, replaced by president Mark Little.

On the 45th floor of the company’s Calgary headquarters, Williams sat down Thursday to talk about his time at Suncor, the biggest decisions and deals during his tenure, and the future of Canada’s oil and gas industry.

He also weighed in on ongoing oilpatch topics, including curtailment, carbon taxes, investment sentiment and energy issues facing the incoming United Conservative Party government in Alberta.

Here are the highlights of the conversation, abbreviated and edited for clarity.

Q: When you took over the CEO’s job in 2012, you compared being in the oilsands business to running the ultimate marathon. Seven years later, how do you feel the race has gone?

A: It is a bit of a marathon. One of the things I want to get across here is for companies like Suncor, it’s a long-term game…

For the rest of this interview:

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