Let's clear the air

The path to net zero requires collaboration, innovative technology — and action

Climate change is a critical challenge, and the oil sands industry has an essential role to play in reducing emissions. Our path to net zero will help our country achieve a sustainable future.

Kendall Dilling, President, Pathways Alliance

Canada’s largest oil sands companies are partnering to help address climate change

We're working collaboratively to achieve our goal of net-zero emissions from oil sands operations by 2050.

Member organization company logos. Member List: Canadian Natural, Cenovus Energy, ConocoPhillips Canada, Imperial Oil, M.E.G Energy, Suncor

We recognize that we’re big emitters right now. We’ve made great progress, but we know we need to work together and with the government to achieve this.

Martha Hall Findlay, Chief Climate Officer, Suncor

The path to net zero

We have a three-phased approach to reach our goal, which includes improving existing processes and investing in cleaner tech.

Phase one

2020–2030

Setting the foundation with carbon capture and storage

Our goal for phase one is to reduce emissions from our operations by 22 megatonnes annually by 2030. Our plan includes collaborating with the government as well as using new and existing technology, significant investments in research, and ongoing energy-efficiency projects. A big part of achieving this is a carbon capture and storage (CCS) facility and network in Alberta. CCS is a proven clean technology used for decades in Canada and other countries.

Find out more about CCS

Phase two

2030–2040

Expansion and improvement

Phase two will focus on expanding the CCS network, using new and emerging technology to improve our processes and increase carbon capture. We’ll also invest in more research and development for alternative power sources, potentially using hydrogen or small modular reactors.

Phase three

2040–2050

Investing in emerging technology

Our plan’s final phase focuses on further expanding CCS and improving and initiating energy efficiency, fuel switching, and electrification projects. We’ll also continue exploring and developing existing and emerging tech, including direct air capture.

This will be one of the world’s largest carbon capture and storage facilities. What this initiative represents to me is action. Bold action.

Martha Hall Findlay, Chief Climate Officer, Suncor

Helping Canada meet its climate goals

We’re working collectively with the federal and Alberta governments to achieve our goal of net zero from oil sands operations by 2050, which will contribute to Canada’s Emissions Action Plan and its Paris Agreement commitments.

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Cautionary Statement: Statements of future events or conditions in this press release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements can be identified by words such as achieve, aspiration, believe, anticipate, intend, propose, plan, goal, seek, project, predict, target, estimate, expect, forecast, vision, strategy, outlook, schedule, future, continue, likely, may, should, will and/or similar references to outcomes in future periods. Forward-looking statements in this press release include, but are not limited to, references to the viability, timing and impact of the Oil Sands Pathways to Net Zero initiative collaboration and the development of pathways in support of a net-zero future; support for the pathways from the Government of Alberta and the Government of Canada; the ability to enable net zero emissions from oil production and preserve economic contribution from the industry; the continued role of fossil fuels as part of a diversified energy mix; and the deployment of technologies to reduce GHG emissions, such as CCUS, process improvements, energy efficiency, fuel switching, electrification, infrastructure corridors and new emissions-reducing technologies. All net-zero references in this announcement apply to emissions from oil sands operations (defined as scope 1 and scope 2 emissions).

Forward-looking statements are based on current expectations, estimates, projections and assumptions at the time the statements are made. Actual future results, including expectations and assumptions concerning: demand growth and energy source, supply and mix; amount and timing of emissions reductions; the adoption and impact of new facilities or technologies, including on reductions to GHG emissions; project plans, timing, costs, technical evaluations and capacities, and the ability to effectively execute on these plans and operate assets; that any required support for the pathways from the Government of Alberta and the Government of Canada will be provided; applicable laws and government policies, including climate change and restrictions in response to COVID-19; production rates, growth and mix; general market conditions; and capital and environmental expenditures, could differ materially depending on a number of factors. These factors include global, regional or local changes in supply and demand for oil, natural gas, and petroleum and petrochemical products and the resulting price, differential and margin impacts; political or regulatory events, including changes in law or government policy and actions in response to COVID-19; the receipt, in a timely manner, of regulatory and third-party approvals including for new technologies; lack of required support from the Government of Alberta and the Government of Canada; environmental risks inherent in oil and gas exploration and production activities; environmental regulation, including climate change and GHG regulation and changes to such regulation; availability and allocation of capital; availability and performance of third-party service providers; unanticipated technical or operational difficulties; project management and schedules and timely completion of projects; reservoir analysis and performance; unexpected technological developments; the results of research programs and new technologies, and ability to bring new technologies to commercial scale on a cost-competitive basis; operational hazards and risks; general economic conditions, including the occurrence and duration of economic recessions; and other factors referenced by the companies’ in their most recent respective annual reports and management’s discussion and analysis, as applicable.

Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to the companies. Actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. The companies undertake no obligation to update any forward-looking statements contained in this press release, except as required by applicable law.