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
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
