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Pathways Alliance brings real solutions to COP27

November 4, 2022

Pathways Alliance will take the international stage to share its plan to help Canada achieve its climate commitments at the United Nations Climate Change Conference (COP27) next week in Sharm El-Sheikh, Egypt.

The Alliance goes to COP27 with real solutions to climate change by showcasing the work underway on one of the world’s largest proposed carbon capture and storage (CCS) facilities, as well as other emission reduction projects and technologies that will be deployed throughout its multi-phased path towards net zero by 2050.

“Our industry is integral to helping Canada achieve net zero and we look forward to showing delegates from around the world how we are working together and with governments on an actionable plan to be a major part of the solution,” said Mark Cameron, vice president of external relations for the Pathways Alliance.

“This year, especially, has exposed the essential and growing need for secure and affordable supplies of oil and gas from peaceful, stable, and responsible countries, such as Canada, who are committed to real, measurable emissions reductions. We are laser-focused on getting to net zero and becoming the world’s preferred energy producer.”

Cameron will moderate a panel session titled Collaborating on Solutions in the Oil Sands hosted by Pathways Alliance at the Canada Pavilion on Decarbonization Day, Nov. 11. The panel also features Indigenous business leadership and senior officials from Natural Resources Canada and Emissions Reduction Alberta.

The Pathways Alliance delegation of executives and technical experts will also participate in meetings with businesses, governments, and innovators, exchanging ideas and solutions to help the world address the significant challenge of climate change.

With co-funding support from governments, the Pathways Alliance plans to invest approximately $16.5 billion before 2030 in its proposed CCS network in Northeastern Alberta. An additional $7.6 billion investment is planned on other emissions reduction projects before the end of the decade, for a total of $24.1 billion.

Engineering, environmental, and regulatory work is well underway on the CO2 capture and storage facilities and a proposed 400-kilometre pipeline.

The Alliance was recently given the green light by the Government of Alberta to further evaluate its proposed carbon storage hub in the Cold Lake region, which could eventually see more than 1.1 billion tonnes of CO2 safely and permanently stored deep underground in geological formations.

To learn more about Pathways Alliance and its unprecedented level of collaboration to develop and deploy technologies to reduce emissions by visiting https://pathwaysalliance.ca/cleartheair.

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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).

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