Pathways Alliance committed to Earth Day theme to “Invest in our planet” - Pathways Alliance

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Pathways Alliance committed to Earth Day theme to “Invest in our planet”

April 22, 2023

You can say Canada’s oil sands industry is heavily invested in this year’s Earth Day.

The 2023 theme “Invest in our planet” holds a special meaning for an industry with a commitment and track record of spending significantly on technological innovation to reduce its environmental footprint.

“Pathways Alliance and its member companies recognize and share the deep respect people have for the air, land, and water in the communities near our operations and are committed to collaboration and ongoing investment to minimize our impacts and improve performance,” said Kendall Dilling, president of Pathways Alliance.

“We produce a resource the world will need for decades to come. But that comes with the recognition that we must continue to minimize the disturbance of our operations and continue to raise the bar on responsible development.”

Between 2012 and 2021, Pathways Alliance’s six member companies invested more than $10 billion on R&D on various technologies. 

Through Canada’s Oil Sands Innovation Alliance (COSIA), the innovation arm of Pathways Alliance, we have brought together thought leaders from industry, government and academia to improve measurement, accountability and environmental performance across the four priority areas: emissions, land, tailings and water.

Our member companies have shared more than 1,000 distinct technologies and invested about $2.1 billion to develop them.

Our next major challenge is to significantly reduce CO2 emissions from our operations.

We have a bold and realistic plan to reduce absolute emissions from oil sands operations by 22 million tonnes annually by 2030 and achieve net zero emissions from operations by 2050.

With anticipated co-funding from governments, the Pathways Alliance is poised to make a globally significant investment of $24 billion in one of the world’s largest carbon capture and storage (CCS) projects and other emissions reduction technologies that will help us achieve this ambitious goal.

“Our focus this Earth Day and for many years to come will be to work with governments, Indigenous groups, and non-governmental organizations alike to achieve both Canada’s full economic potential and meaningful climate action.”

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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.
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