Mark Little

The sale is unlikely but if it did go through there would likely be "multiple players" involved in buying it, says Eight Capital analyst Phil Skolnick

Suncor Energy Inc. chief executive Mark Little has stepped down as president and chief executive officer and resigned from its board of directors just one day after the company announced its oilsands operations have suffered another workplace fatality.

A string of fatalities at Suncor Energy Inc. has caught the attention of investors who view workplace safety breaches as a warning sign of deeper problems within a company.

"I am of the opinion that the project, as currently proposed, would likely cause unacceptable environmental effects within federal jurisdiction," Environment and Climate Change Minister Steven Guilbeault wrote.

Suncor Energy Inc. is getting out of the wind and solar business, even as a new UN report on climate change says wind and solar technologies are the two best avenues to reduce global greenhouse gas emissions and limit the planet's warming to a critical 1.5C.

Oilsands giant Suncor Energy Inc. is putting projects on hold and cutting its 2020 capital budget by 26 per cent to deal with lower oil prices linked to a market share battle between Saudi Arabia and Russia, as well as lower demand for fuel because of the COVID-19 pandemic.

Cenovus Energy Inc. says it will add as much as 70,000 barrels per day of oilsands output following the Alberta government's decision to ease production curtailments for producers that add crude-by-rail capacity.

The CEO of Suncor Energy Inc. says his company isn't counting on higher cash flow despite analyst expectations of a "risk premium" on crude oil prices in the wake of last weekend's attacks on Saudi Arabian oil facilities.

Alberta's oil curtailment program has worked to reduce inventories that had resulted in steep discounts in local oil prices, but it has hurt crude-by-rail economics and it's time for it to end, the CEO of Imperial Oil Ltd. said on Friday, August 2, 2019.

Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.

Canada's largest oil producers are calling on the Alberta government to reward companies that commit to adding crude-by-rail capacity by easing their oil curtailment levels.

Ottawa's approval of the Trans Mountain pipeline expansion pleased business leaders on Tuesday, June 18, 2019, but they say they will hold off on popping champagne corks until construction begins on new pipe from Edmonton to the West Coast.

Suncor Energy Inc. says Steve Williams will retire as chief executive after the company's annual meeting next May.

Investors in the oil and gas sector are shrugging off federal election results despite predictions that a Liberal minority propped up by the NDP and Greens would result in policies that hurt the industry.

Consumer demand for fuel is growing slightly after a sudden decline due to measures to deal with the COVID-19 pandemic but the CEO of Suncor Energy Inc. says he doesn't expect a full recovery for his company or the Canadian energy sector until at least 2022.