The world needs more Canadian energy
Canada’s crude oil and natural gas resources are safely and responsibly developed with world-leading standards, under comprehensive regulatory oversight and emissions regulations, and significant technology investments. As the world’s demand for energy increases, significant crude oil and natural gas resources will need to be developed.
Canada is well positioned to be a global leader in supplying these resources in a lower carbon emissions future. We believe that an effective approach to greenhouse gas (GHG) emissions management relies on strong environmental policy and regulation, innovation and technology.
Collaboration is essential to achieving long-term emissions reductions. Canadian Natural continues to work together with industry, government and stakeholders to encourage technological innovation, energy efficiency and targeted R&D as methods of maintaining a competitive oil and natural gas sector.
Canadian leadership on climate change
The Government of Canada’s commitments to reducing GHG emissions, along with climate frameworks in several Canadian jurisdictions, positions our country as among the most responsible crude oil and natural gas producing jurisdictions globally. Canadian Natural supports Canada’s leadership in the Paris Agreement as a pathway to reduce emissions and drive innovation. We also support federal and provincial government goals to reduce methane emissions by 45% by 2025.
Canadian Natural and the Canadian crude oil and natural gas sector are delivering game-changing environmental performance. We recognized the need to reduce GHG emissions, leveraging technology and Canadian ingenuity to deliver results, and will continue to do so. Canadian ingenuity and the ability to leverage technology have turned what was a high-intensity oil in 2009 (on a wells-to-combustion basis) into a premium oil.
Climate change is a global issue. Canadian technologies and innovation used to reduce GHG emissions in the oil and natural gas sector can be adopted by industries around the world, like cement production and agriculture, as well as in office buildings and homes, to accelerate global GHG reductions.
Integrated GHG emissions management strategy
Our long-term aspirational target is net zero emissions in our oil sands operations. We have taken significant steps to reduce our emissions through a comprehensive strategy and investments in technology and innovation. Our integrated strategy includes:
- Integrating emission reduction in project planning and operations.
- Leveraging technology to create value and enhance performance.
- Investing in Research and Development (R&D) and supporting collaboration.
- Focusing on continuous improvement to drive long-term emissions reductions.
- Leading in Carbon Capture, Sequestration or Storage and Utilization (CCSU) projects.
- Engaging proactively in policy and regulation to effectively manage climate risks and opportunities, including trading capacity and offsetting emissions.
- Considering and developing new business opportunities and trends.
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