Suncor recognized early on that climate change would be an important issue for our company and our stakeholders. That's why we introduced a seven-point action plan in 1997. Guided by this plan, we have made substantial progress in reducing the overall carbon intensity of our operations (i.e., the amount of carbon emitted for each barrel or cubic metre of oil produced).
We’ve also made significant investments in renewable energy and in research on potential long-term solutions to deal with increases in absolute greenhouse gas (GHG) emissions associated with industry growth.
While much has changed over the years, our climate change strategy remains a reliable guide for an era when there is increased focus on the need for collaboration, investment in emissions-reducing technologies and constructive public policy development — all key elements of our original plan.
What follows is a summary of actions Suncor continued to take in 2011 on our seven-point action plan to better manage our GHG emissions and constructively address the climate change challenge.