Prudence is essential in business. Timidity is fatal over time. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on the difference between being prudent and being timid, and why Canada needs more ambition, more investment and

"And that was our fault, by the way." Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on trying to get talented Indigenous kids to university. One success story that wasn't: a wonderful young woman from a Prince Rupert high

The U.S. market should remain an enormous opportunity for Canadian business. It can't remain our only serious ambition. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on the question now facing Canadian business leaders: are

"That 10% wasn't enough. They should have received more, and I'm sure they didn't ask for more." Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on the 10% First Nations ownership stake that came with the terminal. In an era

Canada has too many businesses that have never seriously tested themselves against the best competitors in the world. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on what Canadian companies neglected while optimizing for

"I let some things go because I chose my family instead. And I don't regret that for a second. But it does have an impact." Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on the trade he made: time on airplanes, and doing

There's a profound difference between using a competitive opportunity and becoming dependent on it. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on how proximity to the U.S. stopped being one of Canada's great advantages

"Why are you at the office on Sunday?" "Because I have so much fun." Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on a dinner with a famous businessman, much older than him, who turned down a ride to his car at 9 PM on a

For decades, selling into the U.S. market was often the smartest commercial decision a Canadian business could make. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on why it made sense: the world's largest consumer market

"If you're doubting yourself on a consistent basis, chances are pretty good that over time the organization will doubt you." Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on the loneliness of the top job and the one warning

An outsider in a strong union town. Very tough to crack that culture — but crack it. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on arriving at a resource-based community used to high wages, limited flexibility and unions

Taking anything as a given, without doing the homework yourself, is a dangerous thing. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on assumptions and forecasts — about the market, about what a customer thinks: validate

About 3 billion barrels of supply lost since the war began. About 1 billion drawn from global stocks. Refilling them could take up to two years. That is the chief executive of Saudi Aramco, Amin Nasser, speaking in London on October 5. The U.S. Energy Information Administration

"If you really don't know the detail of a business, you can't maintain the credibility and respect of the people you're asking to execute." Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on the balance: leadership means

The large buffers are built by governments, slowly. Yours has to be built this quarter. Two moves from the full Dispatch. One: budget fuel at the agency's number, not the hopeful one — the U.S. Energy Information Administration expects diesel above $6 a gallon through October,

Survive by any means necessary. That was the culture — and it was taught. Daniel Veniez, who chaired Ridley Terminals (a Crown corporation owned by the Government of Canada), on how the place learned to lose: a handful of customers with free access, bills unpaid, deep

Buffer one: about 1.1 billion barrels sitting in emergency reserves. When the oil shock hits, the first cushion the world reaches for is the emergency stockpile. Joseph Soares on how big that buffer actually is, how long it lasts, and why the number matters more than the

Daniel Veniez chaired Ridley Terminals, a Crown corporation (a company owned by the government of Canada). His view: operational problems stem from sick or dysfunctional cultures. What he inherited at Ridley Terminals was a culture of complacency and a mindset of defeat. ▶️ The