Details on our approach
Transformational R&D and technology
Sustained investment in research and development plays and important role.
We have invested more than 2.2 billion invested in research and development over the past 20 years.
We are developing pathways in support of a net-zero future.
Next-generation in situ oil sands technologies, such as cyclic solvent process, coupled with carbon capture and storage could produce incremental barrels at net-zero emissions.
Setting goals and targets
- We have reduced greenhouse gas emissions intensity in our operated oil sands by more than 20 per cent since 2013.
- We are focused on the achievement of our target to reduce greenhouse gas emissions intensity by 10 per cent by the end of 2023, relative to 2016 levels.
Mitigating emissions at our operations
- The cogeneration unit at our Strathcona refinery will reduce greenhouse gas emissions by approximately 112,000 tonnes per year.
- Kearl boiler flue gas is a first in Alberta oil sands with the potential to reduce 180,000 tonnes of greenhouse gas emissions per year.
Helping our customers reduce their emissions
- Our advanced fuels help customers improve fuel efficiency today.
- Renewable fuels have the potential to significantly reduce emissions for our customers.
- We are helping customers better understand their choices with life cycle analysis: today, Kearl greenhouse gas emissions intensity is better than the global upstream crude average.
Engaging in public policy
Public policy is a key enabler to technology development and deployment. We actively monitor policy to inform our business planning and to assist policymakers seeking expertise about energy markets, technology and market competitiveness including policy options to support the transition that is needed for a net-zero future.
Imperial advocates for flexible, supportive public policy that is technology-neutral to enable development of the best pathways at the lowest cost to society.