Group of large oilsands operators commit to become net zero emitters by 2050
by The Canadian Press
Last Updated Jun 9, 2021 at 10:58 am EDT
CALGARY A group of the largest producers in Canada’s oilsands have announced a joint strategy to reach net zero greenhouse gas emissions by 2050.
The companies include Canadian Natural Resources Ltd., Cenovus Energy Inc., Imperial Oil Ltd, MEG Energy Corp., and Suncor Energy Inc.
A large part of the strategy includes building a carbon sequestration facility in Cold Lake, Alta. The group says the facility would be available for other industries to use as well.
The companies also plan to pilot emerging carbon reduction technologies around oilsands operations, such as direct air capture, which uses a mechanical system to extract carbon dioxide out of the air.
Oil sands industry backs plan to advance Canada climate goal
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Group of large oilsands operators commit to become net zero emitters by 2050 - Business News
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CALGARY Experts say a joint strategy by Canada s largest oilsands producers to reach net zero greenhouse gas emissions by 2050 will help speed up innovation and drive further investment into the industry.
The companies involved include Canadian Natural Resources Ltd., Cenovus Energy Inc., Imperial Oil Ltd, MEG Energy Corp., and Suncor Energy Inc.
A large part of their strategy includes building a carbon sequestration facility in Cold Lake, Alta. The group says the facility would be available for other industries to use as well, and could possibly connect to Edmonton for use by businesses there in the future.