On June 9, 2021, five of Canada’s largest oil sands operators announced the launch of the Oil Sands Pathways to Net Zero (Pathways) project. The project aims to drastically reduce Canada’s oil sands net CO2 emissions over the next 30 years in lockstep with Canada’s pledge to achieve ‘net zero’ emissions by 2050. The Pathways collaboration includes Suncor Energy (TSX/NYSE: SU), Canadian Natural Resources Ltd. (TSX/NYSE: CNQ), Cenovus Energy (TSX/NYSE: CVE), MEG Energy (TSX: MEG) and Imperial Oil (TSX/NYSE American: IMO). The Pathways ‘group of five’ accounts for roughly 90% of Canada’s oil sands production.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®