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What’s apparently different this time is that Canada’s largest oil sands producers have formed an alliance that plans to work with federal and provincial government to achieve net-zero greenhouse gas emissions from their operations by 2050.
The Oil Sands Pathways to Net Zero initiative will evaluate and accelerate the application of emerging emissions-reducing technologies including small modular nuclear reactors. The firms in the alliance account for 90% of tar sands oil production.
The province of Alberta last year joined New Brunswick, Ontario and Saskatchewan in a Memorandum of Understanding to work together to support the development and deployment of SMRs.
Suncor Energy aims for net-zero emission target by 2050
Source: Reuters
Canada’s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.
Suncor and ATCO expect to make a sanctioning decision in 2024 and, if finalized, the project could be operational by 2028.
The hydrogen project would be the biggest in Canada and among the top quartile globally. It would produce more than 300,000 tonnes per year of clean hydrogen, and cut carbon emissions in Alberta by more than 2 million tonnes per year.
UPDATE 1-Canada s Suncor and ATCO to develop country s largest hydrogen project in Alberta Reuters 3 days ago
(Adds quotes)
By Nia Williams and Rithika Krishna
CALGARY, Alberta, May 11 (Reuters) - Canada s Suncor Energy will partner with utility ATCO Ltd to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.
Canada s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.
Suncor and ATCO expect to make a sanctioning decision in 2024 and, if finalized, the project could be operational by 2028.
EnergyCanada s Suncor and ATCO to develop country s largest hydrogen project in Alberta
Nia WilliamsRithika Krishna
3 minute read
Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo
Canada s Suncor Energy (SU.TO) will partner with utility ATCO Ltd (ACOx.TO) to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.
Canada s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.