Imperial Oil (TSE:IMO) has released an update.
Imperial Oil, a leader in Canada’s energy sector, has committed to net-zero emissions from its operations by 2050, with a significant reduction target by 2030, as CEO Brad Corson outlined to a federal committee. The company is advancing its decarbonization strategy by investing in technologies to lower emissions in both production and products, including new projects at Cold Lake that promise up to a 90% reduction in greenhouse gas emissions intensity. These initiatives are part of Imperial’s broader efforts to ensure energy security and contribute to economic benefits while transitioning to a lower-emission future.
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