Suncor should return to its oil production roots, focus on ‘fundamentals’ over energy transition, says CEO

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Rich Kruger says the company’s new goal is to concentrate on profitability in move to refocus on its oil-sands assets

to lead a restructuring at Suncor in the wake of a spate of high-profile operational and financial challenges at the company.

Changes at the Calgary-based energy giant also include a rejig of the company’s top brass, with the retirement of three senior executives. That includes Suncor’s chief sustainability officer, Arlene Strom, who will leave her post near the end of the year. to improve Suncor’s lacklustre safety record, he said what he liked best as he toured operations was the opportunities he saw “to improve our financial and operating performance in almost all“Suncor is pedal to the metal. Our opportunities are abundant, and they’re clear,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Suncor has been too focused on energy transition, must get back to fundamentals: CEOCALGARY — The man hired to turn around the flagging fortunes of Suncor Energy Inc. said Tuesday he believes the company has been too focused in recent years on the energy transition and must get back to an oil-centred business strategy. CEO Rich Kruger, who took the reins at the Calgary-based energy giant this spring, told analysts on a conference call that the company's board of directors agrees with him that a 'revised direction and tone' at the company is necessary. He said he believes Suncor
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Resource-Poor Dominican Republic Seeks Deal With Oil-Rich GuyanaThe Dominican Republic’s plans to build a refinery in an oil-rich corner of South America is vital to guaranteeing fast growth and energy security, Energy Minister Antonio Almonte said.
Source: BNNBloomberg - 🏆 83. / 50 Read more »