We need to get to Net Zero
Climate change is one of the most pressing challenges of our time, and Canada’s oil sands are a critical part of the solution. As proud Canadian companies, members of the Pathways alliance share the aspiration of Canadians to find realistic and workable solutions to the challenge of climate change. We want to help our country meet its Paris Agreement commitments, including its net zero by 2050 aspirations.
This initiative is the only realistic path forward for our country to combat this unprecedented challenge while also helping to supply the world’s energy needs. We know that the energy transition is underway and alternative energy sources will play an increasingly important role in the decades to come; however, Canada cannot meet its energy needs and its emissions targets without hydrocarbon fuels. Oil will continue to play a critical role in the diversified energy mix of the future as well as serving as a key feedstock for advanced materials such as carbon fiber which will be crucial to that transition.
The anchor of our vision is Carbon Capture, Utilization and Storage (CCUS) which is an emissions reducing technology that is currently being used in Canada and around the world. It captures the carbon before, during and after combustion and then either safely stores it or makes it available for use in products such as concrete. Our plan includes a trunkline connected to a carbon sequestration hub that allows connection for other sectors to use for emissions reductions. This proposed CCUS project is similar to those in Norway, the Netherlands, U.K. and U.S., which all involve significant collaboration between industry and government.
There is no single solution to achieving net zero emissions, therefore, the initiative incorporates a number of parallel pathways to address GHG emissions, including:
- A core Alberta infrastructure corridor linking oil sands facilities in the Fort McMurray and Cold Lake regions to a carbon sequestration hub near Cold Lake via a CO2 trunkline. The trunkline would also be available to other industries in the region interested in capturing and sequestering CO2. There is also potential to link the infrastructure corridor to the Edmonton region.
- Deploying existing and emerging GHG reduction technologies at oil sands operations along the corridor, including CCUS technology, clean hydrogen, process improvements, energy efficiency, fuel switching and electrification.
- Evaluating, piloting, and accelerating application of potential emerging emissions-reducing technologies including direct air capture, next-generation recovery technologies and small modular nuclear reactors.
On June 9, 2021, the alliance declared our ambition to work together and with governments to achieve net zero greenhouse gas (GHG) emissions from our oil sands operations by 2050. The path forward to reduce emissions of 68 Mt of CO2 per year is supported by a three-phase approach. Because no single solution will get us to net zero, multiple parallel pathways are needed – from electrification, fuel substitution and energy efficiency to carbon capture, process improvements and emerging technology.
The first phase includes our foundational project, a major carbon capture utilization and storage (CCUS) trunkline connecting oil sands facilities in the Fort McMurray, Christina Lake and Cold Lake regions of Alberta to a carbon sequestration hub near Cold Lake. The trunkline would have phased expansion capability to gather captured CO2 from more than 20 oil sands facilities and it would also be available to other industries interested in capturing and sequestering CO2.
We have seen success in reducing GHG emissions with similar CCUS projects in Norway and the Netherlands. Our path forward takes lessons learned from these countries and builds upon them for a made-in-Canada solution. These projects have shown that collaboration between industry and governments can make a significant impact toward achieving net zero emissions.
As proud Canadian companies, members of the Pathways alliance share the aspiration of Canadians to find realistic and workable solutions to the challenge of climate change. The Pathways initiative is ambitious and will require significant ongoing collaboration between industry and government.
This collaboration will extend beyond just the industry and government to involve our other critical stakeholders. The industry has and continues to work closely with local Indigenous communities and municipalities. We have a strong relationship with our local Indigenous communities, with decades of increasing engagement including employment opportunities and major procurement of goods and services.
Our goal is for local Indigenous communities to share in the development of Canada’s resources to allow their communities to prosper and we are looking forward to continuing our engagement with Indigenous communities in Northern Alberta to make this ambitious, major emissions-reduction vision a reality.
An Alliance for Canada
The Oil Sands Pathways to Net Zero initiative was created by Canadian Natural, Cenovus Energy, Imperial, MEG Energy and Suncor Energy, companies that account for 90 per cent of Canada’s oil sands production.
The goal of this unique alliance, working collectively with the federal and Alberta governments, is to achieve net zero greenhouse gas (GHG) emissions from the companies’ oil sands operations by 2050, to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net zero aspirations.
Every day, our employees are pushing the boundaries to accelerate technology development and move closer to Canadian Natural’s aspirational goal of net zero GHG emissions in the oil sands. With $3.9 billion invested in research and development (R&D) over the last decade, leveraging technology and innovation are key elements in our long-term plan and to achieving our targets.
Our roadmap to net zero emissions includes different technologies and processes throughout the production cycle: from facility design that limits emissions, to reworking existing processes to reduce emissions, to storing and/or converting or utilizing the remaining emissions.
Canada’s resources are safely and responsibly developed with world-leading standards, under comprehensive regulatory oversight and emissions regulations, and significant technology investment. The country’s crude oil and natural gas sector is responding to environmental challenges and is well positioned to be a global leader in responsibly supplying the resources the world needs in a lower carbon emissions future.
Cenovus recognizes people around the world are increasingly concerned about the effects of climate change and that the transition to a lower-carbon economy is already underway. We share the goal of reducing GHG emissions and in January 2020 set a long-term ambition to reach net zero emissions by 2050.
We believe technology and innovation are key to reducing both costs and emissions, and that Cenovus, our peers, governments, the clean tech sector and others need to collaborate on the solutions. It’s why we’re part of the Oil Sands Pathways to Net Zero alliance and why we also participate in organizations such as Canada’s Oil Sands Innovation Alliance, the Clean Resource Innovation Network and Petroleum Technology Alliance Canada.
Cenovus maximizes the value of our company by responsibly developing oil and natural gas assets in a safe, innovative and efficient way. With net zero emissions from oil sands operations, the Canadian barrel should be the world’s preferred choice for responsibly produced oil.
Imperial is committed to providing energy solutions in a way that helps protect people, the environment and the communities where we operate, including addressing the challenges of climate change. We support Canada’s ambition to achieve net zero emissions by 2050. As we develop pathways in support of a net-zero future, we believe technology is critical to reducing emissions and meeting the world’s demand for energy.
Over the past 20 years, we have invested more than $2.2 billion in research and development. Imperial has developed technology breakthroughs that could lead to step-change performance in oil sands GHG emissions intensity. As we look ahead, we believe we have the tools and expertise to create value and also meaningfully contribute to Canada’s energy future.
We are a Canadian energy company focused on sustainable, innovative and responsible energy production in the southern Athabasca region of Alberta, Canada. We transport and sell our thermal oil production to refineries throughout North America and internationally. We’re actively developing innovative enhanced oil recovery projects that utilize steam-assisted gravity drainage (“SAGD”) extraction methods to improve the responsible economic recovery of oil as well as lower carbon emissions. Our purpose is to supply the world with the cleanest, most ethical and sustainably produced barrel of oil.
MEG is proud to be part of a vital industry promoting responsible resource development and fueling our economy. Together with the Pathways Alliance, we believe that we will play a key role as responsible and reliable energy suppliers in the world’s transition to a lower carbon economy.
Suncor is contributing to net-zero, purposefully and profitably.
Suncor’s strategy is to be Canada’s leading energy company by growing our business in low GHG fuels, electricity, and hydrogen while sustaining and optimizing our existing hydrocarbon business and transforming our GHG footprint; all enabled by our expertise, long-life resources, integrated business model, strong connection to customers and world-class ESG performance.
This strategy supports the company’s focus on increasing shareholder returns and accelerating progress in reducing GHG emissions with an objective to be net-zero by 2050; and its purpose: To provide trusted energy that enhances people’s lives while caring for each other and the Earth.
The members of the Pathways alliance have been working closely with both the Government of Canada and the Government of Alberta following welcome announcements regarding important support programs for emissions-reduction projects and infrastructure.
It is essential for governments to develop enabling policies, fiscal programs and regulations to provide certainty for this type of long-term, large-scale investment. We look forward to continued collaboration with all levels of government to create the regulatory and policy certainty needed to ensure the viability of this initiative in order to achieve Canada’s climate goals.
Canada is uniquely positioned to be a global leader in responsible oil production. We have some of the world’s most stringent regulations and standards governing our energy projects, and a long history of developing industry-shifting technological advancements.
We believe that the most effective way to address climate change is through the development and advancement of new technologies. We also believe that this unprecedented challenge can and will be solved by Canadian ingenuity, leadership and collaboration.
These are multibillion-dollar investments that will benefit all of Canada as we grow the clean tech sector while at the same time addressing a significant source of Canada’s GHG emissions. There is a huge benefit to not just our industry, but to clean tech across the country.
“This collaborative effort amongst oil sands peers shows our serious commitment to global climate leadership. We are doing more than just talking about the need to play a role – we are taking bold action to address our emissions challenge and earn our spot as the supplier of choice to meet the world’s growing demand for energy.”
Alex Pourbaix, President and CEO
“It is our vision for how the oil sands sector can play a significant role in helping Canada meet its Paris commitments, and also ensuring that Canadian oil will remain the global oil of choice for people around the world, because it’s not just going to be low cost, but it’s also going to be low or no emissions in the future.”
Rhona Delfrari, Chief Sustainability Officer & Senior Vice-President, Stakeholder Engagement
The Oil Sands Pathways to Net Zero initiative is an alliance of Canada’s five largest oil sands producers that welcomes collaboration with provincial and federal governments to achieve net zero GHG emissions from oil sands operations by 2050. Learn more from Cenovus’ President and Chief Executive Officer Alex Pourbaix and Chief Sustainability Officer and Senior Vice-President Stakeholder Engagement, Rhona DelFrari.Cenovus Energy
“Canada has what it takes to be the responsible energy provider to the world. Canada’s long-term success in achieving its climate goals lies in a collective commitment to innovation, global competitiveness, supportive public policy and open and ongoing dialogue on constructive solutions. Imperial is collaborating with others in industry and governments to develop and commercialize the breakthrough technologies that will reduce emissions and support society’s net zero ambitions.”
Brad Corson, Chairman, President and Chief Executive Officer
“The Oil Sands Pathways to Net Zero Initiative is a group of companies coming together – Imperial, Suncor, CNRL, Cenovus, and MEG, working to help achieve one of Canada’s greatest challenges. And that is to help Canada achieve its net-zero ambitions and recognize each of us has something to offer.”
Sherri Evers, Vice President, Commercial and Corporate Development
The Oil Sands Pathways to Net Zero initiative is an alliance of companies working to address one of Canada’s greatest challenges and opportunities: providing energy to the world at with net zero emissions. Learn more from Imperial’s Chairman, President and CEO Brad Corson, and Vice-President Commercial and Corporate Development Sherri Evers.Imperial
“We are pleased to be part of this collaborative effort committed to the critical measures needed to achieve net zero greenhouse gas emissions in the oil sands. Bold action today demonstrates our commitment to tackling climate change and global climate leadership. This alliance working collectively with the federal and Alberta governments and all stakeholders will ensure that Canada continues to be a leading supplier to the world of responsibly produced oil.”
Derek Evans, President and Chief Executive Officer
The Oil Sands Pathways to Net Zero initiative is about the bold action we are taking to achieve net zero emissions by 2050. Learn more from MEG Energy’s President and CEO, Derek Evans, on what this project means to him for the future.MEG Energy
“Collaboration among companies, innovators and governments is critical to achieving ambitious goals. That’s how we built a budding oil sands resource into one of the world’s most reliable and ESG-leading oil basins in the world. Canada – as one of the few jurisdictions with industrial-scale commercial CCUS projects in operation — coupled with Alberta’s abundant natural gas resources, geology and relevant technological expertise – is well positioned to lead in this area.”
Mark Little, President and Chief Executive Officer
“We’re looking at a huge challenge of becoming net zero globally by 2050. We as Oil Sands companies recognize that we’re big emitters right now. We have been making really big progress, but we needed to collaborate with ourselves, and with governments to really, really achieve this challenge.”
Martha Hall Findlay, Chief Sustainability Officer
The Oil Sands Pathways to Net Zero initiative is about more than declaring we’re going to get to net zero. It’s about coming together to create a strategy that outlines how we’re going to make it possible. Learn more from Suncor’s Mark Little, President and CEO, and Martha Hall Findlay, Chief Sustainability Officer.Suncor Energy
“Canada has an opportunity to lead on climate change by delivering meaningful emissions reductions as well as balancing sustainable economic development. Canadian ingenuity has enabled oil sands development and with continued innovation, positions Canada to be the ESG-leading barrel to meet global energy demand. We are committed to working together with industry partners and governments to help meet Canada’s climate objectives while providing sustainable long-term economic and social benefits for Canadians from the oil sands.”
Tim McKay, President
Canadian Natural Resources Limited
“This announcement is really important for Canada because it’s a clear declaration that we share Canadians’ desire for an energy transformation, we need to also maintain a strong economy, long term employment and growth in the clean tech sector.”
Pamela McIntyre, Senior Vice-President, Safety, Risk Management and Innovation
Canadian Natural Resources Limited
The Oil Sands Pathways to Net Zero initiative is an opportunity to help Canada to achieve its climate goals while becoming a leader in responsible oil production. Learn more from Canadian Natural’s President Tim McKay and Senior Vice-President, Safety, Risk Management and Innovation, Pamela McIntyre.Canadian Natural Resources Limited
On June 9, 2021, the alliance declared our ambition to work together and with governments to achieve net zero greenhouse gas (GHG) emissions from our oil sands operations by 2050.Read more
CALGARY, Alberta, June 9, 2021 – Canadian Natural Resources,Read more