Building a sustainable energy company is work that's constantly in progress. Here are some of Suncor's priorities over the next two years:
Operational Excellence
Suncor will be focused on providing safe, reliable and cost-effective operations that respect the communities where we work and protect our shared environment. We expect improved performance across our business units, putting us on a more sustainable footing both today and when the time comes to resume our growth projects.
Environmental Performance
- Achieve an industry first by creating a trafficable surface that has progressive reclamation well underway on Suncor's original tailings pond in 2010.
- Advance “dry tailings” technology to accelerate future tailings pond reclamation efforts in keeping with new timetables set by government regulators.
- Implement Suncor's new water management plan with the aim of becoming the industry's lowest intensity water user.
- Continue working with the Integrated CO2 Network (ICO2N), a group of 19 companies, on developing cost-effective options for carbon capture and storage (CCS) technology.
- Launch third phase (2009-2012) of the CO2 Capture Project (CCP), a decade-long partnership of energy companies and government organizations, to advance CCS. This phase is expected to include pilot plants and demonstration projects.
- Continue to invest in renewable energy and to investigate emerging technologies such as geothermal and petroleum coke gasification that are aimed at improving energy efficiency and reducing greenhouse gas emissions.
- Implement a strategy to significantly accelerate the pace of land reclamation.
- Support multi-stakeholder efforts to secure conservation areas to “offset” lands disturbed by development.
- Develop and implement an environmental excellence strategy that clarifies and drives environmental performance improvement throughout the organization.
Social Performance
- Continue the Journey to Zero safety program, applying lessons learned to further improve personal and process safety.
- Work closely with community leaders, Aboriginal groups and multi-stakeholder organizations on environmental, health and infrastructure concerns in regions where we operate.
- Recruit and retain top talent in the Wood Buffalo region and continue to forge partnerships with Aboriginal businesses.
Economic Performance
- Achieve safe, reliable levels of production that maximize our operational capacity and generate employment opportunities, government revenues and economic growth.
- Assess potential growth projects on their merits, and proceed only when the economics are right.
- Strengthen relationships with suppliers through improved Systems, Applications and Process (SAP) services.