Athabasca Oil Sands Project (majority ownership by Canadian Natural 70%, Chevron Canada 20% and Shell Canada 10%).
Pathways to Net Zero for Canada’s Oil Sands: A New Approach
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In June 2021, Canada officially joined a list of countries with formal commitments to attain net-zero emissions by 2050. The passage of the Canadian Net-Zero Emissions Accountability Act built on Canada's promise to reduce emissions by 40-45% from 2005 levels by 2030 as a signatory to the Paris Agreement and set a clear goal for both public and private actors to work towards in the fight against climate change.
To help Canada meet its climate goals, six companies that account for 95 percent of oil sands production are working together on an ambitious plan to reduce greenhouse gas (GHG) emissions from oil sands production in phases, with the goal of achieving net zero emissions by 2050. This group, the Oil Sands Pathways to Net Zero Alliance, unveiled a roadmap to net-zero that centers on carbon capture, utilization, and storage (CCUS) processes and other emerging technologies like direct air capture.
Over 60% of U.S. crude oil imports originate from Canada, making it the largest supplier of foreign oil to U.S. markets. Alberta Premier Jason Kenney's testimony before the U.S. Senate in May and Senator Joe Manchin's visit to Alberta in April highlight the elevated importance of this bilateral energy relationship in the aftermath of Russia's invasion of Ukraine. As the United States grapples with how to meet its own emissions goals, the transformation of Canada's energy industry stands to serve as a blueprint.
Join us on Thursday, June 23 at 10:30am EDT for a roundtable discussion featuring Wilson Center experts, U.S. energy stakeholders, and representatives from the Pathways Alliance.
- Bijan Agarwal, President, ConocoPhillips Canada
- Bill Burlew, Senior Manager of Government Affairs, Enbridge
- Mark Cameron, Senior Advisor for External Engagement, MEG Energy Corporation and Vice President, Pathways to Net Zero Alliance
- Brad W. Corson, Chairman, President, and CEO, Imperial Oil
- Rhona DelFrari, Chief Sustainability Officer SVP Stakeholder Engagement, Cenovus
- Kendall Dilling, Vice President, Environment and Regulatory Cenovus Energy and President, Pathways to Net Zero Alliance
- Sherri Evers, Vice President for Commercial and Corporate Development, Imperial Oil
- Alexander Pourbaix, President and CEO, Cenovus Energy
- James Rajotte, Alberta's Senior Representative in Washington, DC
- Scott Wenger, Director for Government Relations, Suncor Energy
Bound by common geopolitical interests and strong economic and cultural ties, Canada and the United States enjoy the world's most successful bilateral relationship. The Wilson Center's Canada Institute is the only public policy forum in the world dedicated to the full spectrum of Canada-U.S. issues. The Canada Institute is a global leader for policymakers, academics and business leaders to engage in non-partisan, informed dialogue about the current and future state of the relationship. Read more