Energy Efficiency, GHG Emissions - January 20, 2022
Imperial Sets 2030 Emission Reduction Goal
Imperial Oil Limited announced plans to further reduce its GHG emissions intensity.
By the end of 2030, Imperial anticipates reduced Scope 1 and 2 GHG emissions intensity of its operated oil sands facilities by 30a%, compared with 2016 levels. The company plans to achieve this through the implementation of lower GHG next-generation technologies at its Cold Lake operation, efficiency improvements at its facilities, and the use of carbon capture and storage.
Imperial is also reaffirming its goal to achieve net zero Scope 1 and 2 GHG emissions in the company’s oil sands operations by 2050 in support of Canada’s commitment to move towards net zero emissions.
“We are making significant step changes by deploying a suite of lower-emissions solutions in our oil sands operations that help support Canada’s ambition for net zero emissions by 2050,” said Brad Corson, chairman, chief executive and president of Imperial in a statement. “Our updated emission-reduction plans are challenging and require innovation and technology solutions developed in collaboration with policymakers, industry and other stakeholders, to help accelerate deployment of lower-carbon technology.”
The company remains on track to meet its previous Scope 1 and Scope 2 GHG emissions intensity goal of a 10% reduction for operated oil sands facilities by the end of 2023, compared to 2016 levels. This improvement builds on Imperial’s previous success of reducing GHG emissions intensity by more than 20% in its oil sands between 2013 and 2016.
Imperial is a founding member of the Oil Sands Pathways to Net Zero alliance (Pathways). The alliance works with the federal and Alberta governments to achieve net zero Scope 1 and 2 emissions from oil sands operations by 2050 to help Canada meet its climate goals. The first phase of the Pathways initiative will focus on building out a carbon capture and storage network in the oil sands-producing region of northern Alberta.