As part of Suncor's ongoing commitment to environmental stewardship, the company committed to a series of strategic environmental performance goals. The target year for these planned improvements is 2015, with a base year of 2007. The goals were established in 2009 and take into account improvements to existing operations as well as new technologies. Each of the goals relate to significant aspects of Suncor's environmental performance. Through a series of planning meetings with senior executives, these goals were identified as priority measures to address business and environmental risks, concerns expressed by stakeholders, and a means to further our commitment to sustainability.

Suncor completed its merger with Petro-Canada on August 1, 2009, resulting in Suncor becoming Canada’s largest energy company by market capitalization. These goals relate to all assets of the new Suncor, including those of the former Petro-Canada organization. Post merger work to communicate our long term goals, determine new 2007 baselines, and identify gaps between baselines and goals will be ongoing throughout 2010. Work is underway to identify capital projects and initiatives that will assist in closing those gaps and driving the organization to success in all four performance goals.

What follows is a brief description of Suncor's four environmental performance goals and what will be required to accomplish them. All of the proposed reductions are absolute, except for energy efficiency which is intensity-based.

1. Reduce fresh water consumption (the amount of fresh water withdrawn minus the amount of water returned to the environment) by 12% by 2015

2. Increase reclamation of disturbed land area by 100% by 2015

Between 1967 and 2007, 1007 hectares of land were reclaimed at Suncor's Oil Sands site. To achieve the proposed 100% increase in land reclamation by 2015, Suncor will significantly increase its yearly reclamation performance—a major undertaking.

3. Improve energy efficiency by 10% by 2015

Suncor believes the proposed 10% reduction can be achieved through better operating practices and improved reliability, which are part of our operational excellence strategy, as well as some capital project investment.

4. Reduce air emissions by 10% by 2015

Suncor believes that this 10% reduction can be achieved through better operating practices, improved reliability and implementation of emission-reducing technologies.