The Globe and Mail reports in its Friday, Nov. 3, edition that Canadian Natural Resources president Tim Mckay plans to retire next year. The Globe's Emma Graney writes that Mr. McKay says one of the biggest challenges during his tenure as president has been the speed of shifting government fiscal and environmental targets and policies. He says, "For businesses to operate effectively and efficiently, you need good regulatory policies that are stable and very conducive for all businesses to work within that framework." He notes that CNRL was one of the first oil and gas companies to commit to emission reductions. He says, however, when "governments come in after the fact and give you a different target, it's difficult to operate, because you've already set your plan in motion." Mr. McKay will hand the reins of CNRL to Scott Stauth, currently the company's chief operating officer of its oil sands operations, at its board meeting on Feb. 28. Mr. McKay will assume the role of vice-chair and support the management transition until his retirement in summer next year. The Globe says investors can expect to see little change under the watch of Mr. Stauth, who has been with the energy giant for 26 years.