Canadian oil sands producers agree to cut emissions

Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy will cut operational emissions of oil sands production

Firms operating 90pc of Canada’s oil sands production have announced a goal of reaching net-zero emissions from oil sands operations by 2050. Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy will together invest with the government in a carbon capture, utilisation and storage (CCUS) project to capture and store operational emissions. The proposed CCUS system will work in a similar way to the Northern Lights project in Norway, allowing multiple stakeholders to connect to the transport and storage infrastructure. “Canada, as one of the few jurisdictions with industrial-scale commercial CCUS projects in operation, coupled with Alberta’s abundant natural gas res