MEGEF - Canadian oil sands producers unite for net-zero emissions goal

Five Canadian companies that together operate 90% of the country's oil sands production say they are forming an alliance to achieve net-zero greenhouse gas emissions from their operations by 2050.Canadian Natural Resources ([[CNQ]] -0.6%), Cenovus Energy ([[CVE]] +0.8%), Imperial Oil ([[IMO]] -0.7%), MEG Energy ([[MEGEF]] -1.4%) and Suncor Energy ([[SU]] +0.1%) say their Pathways to Net Zero initiative will include a core Alberta infrastructure corridor linking oil sands facilities in the Fort McMurray and Cold Lake regions to a carbon sequestration hub near Cold Lake via a carbon dioxide trunkline.The companies say they will evaluate, pilot and accelerate application of new emission reducing technologies including direct air capture, next-generation recovery technologies, and small modular nuclear reactors.Suncor recently unveiled its own plan to accelerate its progress in cutting greenhouse gas emissions with the aim of reaching net-zero by 2050.

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Canadian oil sands producers unite for net-zero emissions goal