Cenovus is a founding member of the Pathways Alliance, a unique collaboration of companies representing approximately 95% of Canadian oil sands production. Members Cenovus, Canadian Natural, ConocoPhillips Canada, Imperial, MEG Energy and Suncor share the goal of decarbonizing our oil sands production to reach net zero emissions by 2050. It’s an ambitious and actionable plan anchored by a foundational carbon capture and storage project, ultimately connecting 20 oil sands facilities by pipeline to a storage hub in the Cold Lake region of Alberta. The Pathways Alliance also includes an environmental research and innovation arm, formerly known as Canada’s Oil Sands Innovation Alliance (COSIA), which was also founded by the oil sands companies.
Our industry has a major role to play in helping Canada meet its climate goals. And we’re doing our part, by working to decarbonize the oil and gas the world will need for decades to come.