Calgary, Alberta – Suncor Energy Inc. has released its 14th annual climate change report, which shows that while greenhouse gas (GHG) emissions climbed slightly during the past year, the company has reduced emission intensity at its oil sands operation by nearly half since 1990.
Between 2006 and 2007, Suncor’s overall GHG emission intensity increased 3.1 per cent while absolute emissions increased by 3.6 per cent, primarily due to operational challenges at the company’s oil sands plant. However, since 1990, the baseline year for Suncor’s measurement, emission intensity has decreased by 25 per cent on a company-wide basis and by 44 per cent at its oil sands operation.
“Suncor is focused on generating the oil products consumers demand in a manner that is also responsible to the environment,” said Rick George, Suncor president and CEO. “While we’ve increased production, we’ve been able to achieve decreases in emission intensity across the company through improved energy efficiencies and technological improvements. We must now find ways to make further changes and enhancements at our new and existing facilities that will further reduce emissions.”
The report documents Suncor’s progress in its seven-point climate change action plan, which includes investments in wind energy; biofuel production; reducing reliance on carbon-intensive power sources through the development of new technologies; and encouraging investment in carbon capture and storage. The renewable energy plan includes investing $750 million by 2012; approximately $250 million has been invested to date in wind power projects in Alberta, Saskatchewan and Ontario, and an ethanol production facility near Sarnia. Last week, Suncor announced plans to expand the ethanol facility.