Calgary

Suncor shifts focus to hydrogen and renewable fuel over wind and solar

In a news release Monday, the Calgary-based company says it still intends to be net-zero emissions by 2050, but will accelerate progress towards that target by focusing on hydrogen and renewable fuels instead.

Calgary-based company says it still intends to achieve net-zero emissions by 2050

Calgary-based Suncor, which is the operator of Fort Hills, will see its stake in the oilsands project increase to 75.4 per cent under the $1-billion deal. (David Bell/CBC)

Canadian energy company Suncor says it is getting rid of its wind and solar assets.

In a news release Monday, the Calgary-based company says it still intends to be net-zero emissions by 2050, but will accelerate progress towards that target by focusing on hydrogen and renewable fuels instead.

Suncor says its strategy for hitting the 2050 goal is also focused on increasing shareholder returns.

The company says it has developed eight wind power projects since 2002 in three provinces ⁠— Saskatchewan, Alberta and Ontario.

The news release says efforts to hit the 2050 net-zero goal also include replacing coke-fired boilers at its Base Plant oilsands project near Fort McMurray, Alta., with lower emission cogeneration units, as well as accelerating commercial-scale deployment of carbon capture technology.

It also notes it's partnering with ATCO on a project to build a world-scale hydrogen project in Alberta and deploying next-generation renewable fuel technologies like LanzaJet's sustainable aviation fuel technology and Enerkem's waste-to-fuels technology.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

Become a CBC Member

Join the conversation  Create account

Already have an account?

now