Suncor Energy CEO says he thinks it’s unlikely U.S. will impose border tax
CALGARY — The head of the largest energy company in the country is discounting the likelihood that the United States, Canada’s largest market for oil and gas, will bring in a border adjustment tax as suggested by some Republican lawmakers.
Steve Williams, CEO of oilsands giant Suncor Energy (TSX:SU), said Thursday he sees more positives than negatives with President Donald Trump, adding that promised corporate tax reductions in the U.S. could benefit Suncor’s businesses there.
“My view is that overall, Canada is not at the top of the list for the U.S. for their trade concerns,” Williams said on a conference call with analysts to discuss fourth-quarter financial results.
“I think it’s a very healthy balance and a very healthy symbiotic relationship between Canada and the U.S., so I think the probability of a border tax is very low.”