Climate & greenhouse gas (GHG) emissions
At Cenovus, we recognize the growing concerns of people around the world about climate change and we share the goal of reducing GHG emissions.
Governments are supporting the transition to a lower-carbon future by introducing increasingly stringent climate-related policies and creating incentives for emissions-reduction solutions. We believe companies that fail to adapt to this transition will face growing carbon-related risks, while those that act now will position themselves for long-term business resilience. That’s why Cenovus is focused on demonstrating equally strong financial, operational, and environmental, social & governance (ESG) performance.
Net zero emissions by 2050
Cenovus's long-term ambition is to reach net zero emissions by 2050. This will require ongoing focus on technology solutions beyond those that are commercial and economic today. We continue to identify opportunities to participate in longer-term solutions to address emissions from our operations and beyond. This includes extensive collaboration efforts with our peers, academics, other industries and entrepreneurs from around the world.
We monitor ambient air quality at our operations to ensure that sulphur dioxide (SO2), hydrogen sulphide (H2S) and nitrogen oxide (NOx) concentrations remain within acceptable levels. To reduce air pollutants such as SO2 and NOx, as well as GHG emissions such as methane, we invest in technologies that help lower energy consumption in our day-to-day operations and processes.
We’ve already made significant progress in reducing methane emissions at Cenovus and we’re continuing to work on projects at our operations to further reduce emissions. Studies have shown that methane is a much more potent GHG than CO2, which means that reducing methane emissions is a critical part of any plan to address climate change.
Cenovus discloses its climate change impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform. CDP drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Over 9,600 companies with over 50 percent of global market capitalization disclosed environmental data through CDP in 2020.
- Between 2004 and 2019, Cenovus reduced the CO2 emissions intensity of its oil sands operations by about 30 percent.
- NOx emissions at our Christina Lake oil sands facility are about 50 percent below the regulatory threshold of 400 tonnes per year.
Find out more about climate & GHG emissions in our environmental, social & governance report.