Suncor Energy will continue to work to reduce their greenhouse gas emissions throughout 2017.
On July 13, 2017 Suncor released its Report on Sustainability for the year, outlining eight principles that focus around the company’s environmental, social and economic performance.
At the top of the list is climate change.
“As a company, as an industry and as a larger society, we have made progress in tackling climate change by moving into the solution space,” said Steve Williams, president and chief executive officer. “We did so by collectively recognizing we can’t, at this point, affix a permanent solution to a long-term challenge like climate change. But we can lead in a way that moves us in the right direction.”
Suncor has been operating on a seven-point climate change action plan since 1997, which they say has reduced their carbon dioxide intensity per barrel by 45 per cent.
In 2016 the company released a new ambitious goal, to reduce their greenhouse gas emissions by 30 percent by 2030.
Another new goal Suncor set in 2016 was to strengthen their relationship with Aboriginal people.
They said in the report, that they took a step toward with that goal when Fort McKay First Nation and the Mikisew Cree First Nation sign on as equity partners in the East Tank Farm development.
The remaining six principles in the report are:
- Renewable energy
- Partnering with Aboriginal business
- Innovation in bitumen recovery
- Social prosperity
- Water use
- Operational excellence