The head of Suncor Energy Inc. says Canada’s largest oil and gas producer won’t move ahead with additional crude production expansions until there’s physical progress on getting pipelines approved.
Chief executive Steve Williams told a Barclays investor conference in New York that recent judicial rulings affecting Keystone XL and Trans Mountain pipeline don’t have any short-term impacts on Suncor’s ability to get its product to market.
READ MORE: Justin Trudeau says adhering to the court’s guidance best way to get Trans Mountain built
Watch below: On Wednesday, Prime Minister Justin Trudeau said the Trans Mountain pipeline expansion project is not dead following the Federal Court of Appeal’s ruling last week.
But he says further production expansions won’t be approved next year and into 2020 until there is more clarity on the fate of pipelines.
Williams says he’ll wait to see “physical progress on the ground” before he commits to them.
The Federal Court of Appeal last week reversed a cabinet decision to allow Trans Mountain construction to go ahead.
A U.S. federal judge earlier ordered the U.S. State Department to conduct a more thorough review of the Keystone XL oil pipeline’s proposed pathway after Nebraska state regulators changed the route.
READ MORE: Additional environmental assessment ordered for Keystone XL pipeline
Watch below: Some videos from Global News’ coverage of the Keystone XL pipeline project.
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Trump claims he didn’t get any gratitude over Keystone -
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Man hikes entire Keystone XL route over five months -
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Alberta’s NDP government signs on as Keystone XL customer -
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Keystone XL pipeline one step closer to reality -
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Edmonton’s chief economist on Keystone XL pipeline approval through Nebraska -
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Keystone XL pipeline: A timeline of events -
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Is the approval of the Keystone XL Pipeline a good thing? -
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Premier Rachel Notley calls Keystone XL expansion into Nebraska good news -
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Alberta premier weighs in on Keystone XL approval through Nebraska -
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Keystone XL decision leads to cautious optimism for potential construction contracts -
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Nebraska approves alternate route for Keystone XL pipeline -
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Keystone XL gets approval in Nebraska -
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Retired TransCanada executive reacts to Nebraska Keystone XL approval -
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South Dakota residents haven’t heard from TransCanada after Keystone XL pipeline leak -
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Nebraska to rule on Keystone XL pipeline expansion -
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Nebraska to rule on Keystone XL pipeline -
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Drone footage puts the spotlight on Keystone oil pipeline spill -
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Video shows scope of Keystone oil spill -
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800,000 litres of oil spill from Keystone pipeline in U.S.
Williams says that as a Canadian he found the delays “troubling” but not relevant to the company in the next three to five years.
Suncor is officially opening its Fort Hills oilsands mine on Monday as it works to add 10 per cent to its production output this year and again in 2019.
READ MORE: Fort Hills oilsands project achieves first oil production
It has been ramping up production and beat its guidance by delivering Suncor’s share at 71,000 barrels per day, at lower than forecast cash operating costs. Suncor owns a 43.11 per cent interest in the open-pit and shovel mine, Total has 24.58 per cent and Teck 21.31 per cent.
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