As the world’s energy mix evolves, our members continue to collaborate and adapt to meet the opportunities and challenges we face. Together, to help make a cleaner energy future possible, we are fighting climate change by lowering greenhouse gas (GHG) emissions in our operations and helping displace higher emitting energy sources around the world. We are developing innovative new technologies while ensuring we are operating under the highest environmental, social and corporate governance (ESG) standards in the world.
In fact, Canada’s energy industry has already made significant reductions in GHGs through large investments in low-carbon energy and clean technology. By contributing $1 billion per year since 2012, oil sands companies have become global leaders in research and development. As a result, oil sands GHG intensity has reduced by over 20 per cent over the last decade.
Here are some other examples of how CEPA members are helping to fight climate change:
Being sustainable also means setting, meeting and exceeding the highest safety and environmental standards. Canada’s energy industry has some of the strictest safety and regulatory standards in the world. Provincial and federal regulatory standards across environmental, socio-economic, safety, Indigenous, cybersecurity and other important areas are world-leading – and help make the Canadian energy sector a global ESG leader.
Part of that responsibility is giving back to the communities we operate in. CEPA members and their employees are proud of the far-reaching impacts of their socio-economic contributions. In 2020, employees from CEPA member companies volunteered a total of 15,091 hours to various charities and other initiatives. Of this total, 82 per cent was outside work hours. They also donated a total of $1.4 million to various charities in 2020.
Canada’s energy industry is playing the long game. Looking long into the future to ensure the world continues to have access to clean, responsibly produced Canadian energy as a crucial piece of the energy mix puzzle. By tackling climate change on several fronts and maintaining our position as a global ESG leader, we will continue to deliver your energy in the most environmentally responsible and least GHG intensive way possible.