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Company News

Suncor sees increased political risk for Keystone XL oil pipeline

Sept 4 (Reuters) - Canada’s second-largest oil producer, Suncor Energy, sees increased risk around TC Energy Corp’s proposed Keystone XL oil pipeline, its chief executive said on Wednesday.

“Keystone XL is a massive investment and the political situation in the U.S. is I think increasing the risk associated with that,” Suncor CEO Mark Little said at a Barclays investor conference in New York. “That’s one that a lot of people are doing soul-searching about right now because it’s also a very substantial investment. Now we still believe it will go ahead. But time will tell.” (Reporting by Rod Nickel in Winnipeg, Manitoba Editing by Chizu Nomiyama)

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