Suncor Energy unlikely to start any new major growth projects, CEO says

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Steve Williams, CEO of Canada's largest oilsands company, told investors during a conference call that Suncor will not return to how it once operated, saying the company will be "taking a breath around growth projects."

CALGARY — The head of Suncor Energy says it is difficult to see the company starting any new major growth projects given the current economic environment in the oilpatch.

Steve Williams, CEO of Canada’s largest oilsands company, told investors during a conference call Thursday that Suncor will not return to how it once operated.

Suncor is working towards finishing the $13.5-billion Fort Hills oilsands project that it half owns and the $14-billion Hebron East Coast offshore project in which it has a 21 per cent stake.

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