Suncor has pledged to achieve net-zero emissions from its operations by 2050
Suncor makes net-zero pledge
Investor pressure convinces Canadian company to confront emissions, but upstream growth remains focus
The Canadian oil sands sector is starting to get serious about its carbon-intensive emissions. Last year, Calgary-based operator Cenovus and industry peer Husky Energy both announced net-zero pledges, with the companies later agreeing to merge. And now major oil sands producer Suncor has pledged to achieve net-zero emissions from its operations by 2050. The first pillar of Suncor’s net-zero strategy will be to cut emissions by 10mn t annually through to 2030. In 2019, this figure represented a 35pc share of operational emissions. At the same time, the oil sands producer has set itself the goal of lifting upstream production by 14pc over the next five years. “Our upstream production is expect
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
