Suncor eases back on eastern Canada commitments

Suncor Energy says it plans a $1-billion reduction in its capital spending program this year.

Offshore staff

CALGARY, Canada – Suncor Energy says it plans a $1-billion reduction in its capital spending program this year.

It plans to defer some capital projects that have not yet been sanctioned, including the White Rose extension offshoreNewfoundland & Labrador.

However, theHebron project in this region will move forward as planned, Suncor said. It views this as a long-term growth project that should deliver strong returns after it comes online in late 2017.

01/14/2015

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