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Pathways Alliance president says oil industry will be judged on climate goals

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Representatives of the Pathways Alliance -- a consortium of Canada's largest oilsands companies -- are attending the United Nations' COP27 climate conference in Egypt this week, which shows just how far the industry has come in terms of its willingness to be a full-fledged partner, Pathways president Kendall Dilling.

Not that many years ago, the idea of showcasing the Canadian oilsands at an international summit on climate change would have been laughable.

"There's a recognition that there's a massive decarbonization challenge ahead of us as Canadians and globally. No one party can do that on their own, we have to be working together." But the Pathways members -- Suncor Energy Corp., Imperial Oil Ltd., Canadian Natural Resources Ltd., Cenovus Energy Inc., MEG Energy Corp., and ConocoPhillips Canada -- have collectively pledged to work together to reduce the sector's absolute emissions by 22 million tonnes by 2030 and to reach net-zero by 2050.

The group is also planning an additional $7.6 billion investment in other major emissions reduction projects and technologies, including hydrogen development and steam reduction.

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