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Once More Time – Tar Sands Firms Pitched for SMRs

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What’s apparently different this time is that Canada’s largest oil sands producers have formed an alliance that plans to work with federal and provincial government to achieve net-zero greenhouse gas emissions from their operations by 2050.
The Oil Sands Pathways to Net Zero initiative will evaluate and accelerate the application of emerging emissions-reducing technologies including small modular nuclear reactors. The firms in the alliance account for 90% of tar sands oil production.
The province of Alberta last year joined New Brunswick, Ontario and Saskatchewan in a Memorandum of Understanding to work together to support the development and deployment of SMRs. ....

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Suncor Energy aims for net-zero emission target by 2050

Suncor Energy aims for net-zero emission target by 2050
Source: Reuters
Canada’s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.
Suncor and ATCO expect to make a sanctioning decision in 2024 and, if finalized, the project could be operational by 2028.
The hydrogen project would be the biggest in Canada and among the top quartile globally. It would produce more than 300,000 tonnes per year of clean hydrogen, and cut carbon emissions in Alberta by more than 2 million tonnes per year. ....

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UPDATE 1-Canada's Suncor and ATCO to develop country's largest hydrogen project in Alberta

UPDATE 1-Canada s Suncor and ATCO to develop country s largest hydrogen project in Alberta
Reuters
3 days ago
(Adds quotes)
By Nia Williams and Rithika Krishna
CALGARY, Alberta, May 11 (Reuters) - Canada s Suncor Energy will partner with utility ATCO Ltd to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.
Canada s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.
Suncor and ATCO expect to make a sanctioning decision in 2024 and, if finalized, the project could be operational by 2028. ....

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Canada's Suncor and ATCO to develop country's largest hydrogen project in Alberta

EnergyCanada s Suncor and ATCO to develop country s largest hydrogen project in Alberta
Nia WilliamsRithika Krishna
3 minute read
Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo
Canada s Suncor Energy (SU.TO) will partner with utility ATCO Ltd (ACOx.TO) to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.
Canada s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030. ....

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FOCUS-Canada's cash-rich oil sands firms face pressure to spend on transition

FOCUS-Canada s cash-rich oil sands firms face pressure to spend on transition
Reuters
1 hr ago
By Rod Nickel, Nichola Saminather and Nia Williams
Popular Searches
April 1 (Reuters) - Canada s biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, but taking a cautious approach to spending it that is disappointing environment-minded investors.
Their strategy to repay debts and pay shareholders has won praise from investors in Canadian Natural Resources, Suncor Energy and Cenovus Energy who are eager for higher returns. But greener shareholders warn they could divest or oppose management.
The sharp recovery has thrust the companies deep into a debate on returns versus cleaner fuels that will determine the makeup of their business for decades. The oil and gas sector accounted for 26% of Canada s carbon emissions in 2018, and Prime Minister Justin Trudeau has set a goal of net-zero emissions ....

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