Canadian oil sands producers commit to net-zero
Jun 10, 2021 4:00:pm
Summary
by: Dale Lunan
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Canadian oil sands producers commit to net-zero
Five of Canada’s largest oil sands producers said June 9 they would embark on a path to net-zero by 2050, utilising a range of technologies to slash greenhouse gas (GHG) emissions.
The Oil Sands Pathways to Net Zero initiative is a collaboration of Canadian Natural Resources Limited (CNRL), Cenovus Energy, ExxonMobil affiliate Imperial, MEG Energy and Suncor Energy, which collectively account for 90% of Canada’s oil sands production and contribute about 68mn mt/yr of CO
2 to Canada’s GHG inventory. Under the Pathways initiative, they plan to lower their overall emissions by 22mn mt/yr by 2030 and cut another 25mn mt by 2040 before reaching net-zero by 2050.