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
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
9 April 2026
Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
