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As an organization, Suncor’s efficiency in recent times hasn’t lived as much as our requirements or our shareholders’ expectations, and has lagged our friends. Consequently, we’re considerably rising our give attention to the bottom enterprise fundamentals, the basics of security, operational integrity, reliability and profitability.
Why security? As a result of we care about individuals. Why operational integrity? As a result of we care concerning the setting. Why reliability? As a result of we care about efficiency. Why profitability? As a result of we care about paying our payments, contributing to our financial system, supporting our communities, rewarding our shareholders and, final however not least, funding future development and sustainability tasks.
We imagine as we speak’s profitability and long-term sustainability go hand in hand — you merely can’t have one with out the opposite.
So, is Suncor dedicated to the long-term sustainability of its companies? Completely. Is Suncor dedicated to being a part of the answer because the world’s power system transitions over time? Once more, completely. Does this imply that Suncor will throw cash into alternatives outdoors of our core competencies the place we will’t see a path to future competitiveness and profitability? No, we gained’t. Does it imply that Suncor will collaborate, innovate and make investments to enhance base enterprise efficiency, scale back carbon emissions and set up new low-carbon options? Sure, we are going to.
And that’s precisely what we’re doing as we speak.
We’re taking tangible actions to decarbonize our base hydrocarbon companies by investing in energy-efficient cogeneration capability at our massive oilsands websites, by piloting novel decrease carbon injectant applied sciences to be used in our in situ operations, by putting in charging amenities for electrical autos at our Petro-Canada stations and by working Canada’s largest ethanol manufacturing plant to supply renewable fuels.
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Trying to the longer term, we’re collaborating with 5 different oilsands firms within the Pathways Alliance to pursue large-scale carbon seize and sequestration, supporting our goal to realize net-zero GHG emissions from our operations by 2050. The Pathways Alliance, of which Suncor is a founding member, entails unprecedented collaboration inside trade and with a number of ranges of presidency.
We’re dedicated to making sure a worthwhile, high-performing enterprise as we speak and sooner or later. In our firm, it’s about each as we speak and tomorrow, not one or the opposite.
I’m pleased with the group at Suncor, workers and contractors alike, for what they do and the way they do it — working collectively to enhance as we speak’s efficiency and guarantee tomorrow’s sustainability. Thanks, nicely finished and stick with it.
And thanks Ted Lasso (and, after all, Walt Whitman), for reminding all of us to “be curious, not judgmental.”
The significance of power to every of our lives and to our world, each as we speak and tomorrow, is just too essential to be anything.
Wealthy Kruger is president and CEO of Suncor Power.
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