Rich Kruger

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‘The tanks are full gain’: Imperial Oil says Alberta-mandated cuts cost company $250 million

CALGARY – Imperial Oil Ltd.’s top executive admitted Friday that the company’s recent performance was “not our best,” after a quarter where operating costs rose and profit fell despite surging oil prices.“We can do better,” Imperial president and CEO Rich Kruger said Friday after releasing limited first quarter financial and operating results that fell short of…


Imperial blasts Alberta’s ’dramatic, drastic’ oil curtailment that has made crude-by-rail uneconomic

Imperial blasts Alberta’s ’dramatic, drastic’ oil curtailment that has made crude-by-rail uneconomic

CALGARY – Imperial Oil Ltd. blasted the Alberta government Friday for forcing companies to curtail oil production in the province, calling the move a “drastic, dramatic manipulation in the market” that has made crude-by-rail shipments uneconomic.With the stroke of a pen, the government began picking winners and losersRich Kruger, CEO of Imperial Oil“We think investor…