Pathways president says industry will be judged on whether it accomplishes its goals

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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Source: financialpost - 🏆 7. / 85 Read more »