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Globally, climate change has been identified as one of the most pressing challenges of our time.
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.
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.
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.
We have set a target to achieve net zero GHG emissions (scope 1 and scope 2) by 2050 in support of these objectives.
