Climate Change & Greenhouse Gas Emissions

Globally, climate change has been identified as one of the most pressing challenges of our time. 

Learn more about our involvement in the ‘Pathways Alliance’.
We recognize the importance of managing climate-related risks to maintain our business model resilience. We believe we must be part of the solution.

We understand the importance and momentum behind the low carbon energy transition, and recognize the increasing demand for responsibly developed, low carbon energy from shareholders, policy makers, and society at large. 

Our Targets

We have committed to support global and national objectives to address climate change, in particular the goal of the Paris Agreement to limit the average global temperature increase to well below 2°C, and pursue efforts to limit it to 1.5°C. This includes the Canadian Government’s direction to establish domestic targets under the Paris Agreement, namely, achieving net zero GHG emissions by 2050, by way of a framework that promotes transparency and accountability.

30% Reduction in Bitumen GHG Emissions

We have set a mid-term target of a 30% reduction in bitumen GHG emissions intensity (scope 1 and scope 2) from 2013 levels by 2030.​

Net Zero GHG Emissions by 2050

We have set a target to achieve net zero GHG emissions (scope 1 and scope 2) by 2050 in support of these objectives.

2021 ESG Report​

Read more about our performance in our 2021 ESG Report.​