Collaboration to achieve net zero targets critical to Alberta's long-term competitiveness

The following statement is attributable to Murray Sigler, interim CEO of the Calgary Chamber of Commerce:

Calgary, June 9, 2021 – “Today’s announcement of the Oil Sands Pathways to Net Zero initiative is a clear signal that Alberta and our energy industry will remain competitive and innovative, able to attract investment, and lead the transition to a lower carbon economy.

“The alliance between Canadian National Resources, Cenovus Energy, Imperial, MEG Energy, and Suncor established today promises net zero greenhouse gas (GHG) emissions from oil sands operations by 2050. The initiative is indicative of the collaboration needed to develop, share, and scale new technology, including carbon capture and storage, and clean hydrogen.

“Collaboration between the public and private sectors will be essential to the success of initiatives like the Oil Sands Pathways to Net Zero. Governments must facilitate regulatory and policy certainty and support investment attraction required to achieve this ambitious goal.

“Today’s announcement is an important step toward reducing emissions, driving innovation, and attracting investment. The Calgary Chamber remains committed and ready to work with industry and governments to identify economic opportunities that allow us to fight climate change and sustainably develop our resources, while ensuring certainty and stability for business.”

About the Calgary Chamber

The Calgary Chamber is an independent, non-profit, non-partisan business organization. For 130 years, the Chamber has worked to build a business community that nourishes, powers, and inspires the world.

For media inquires, please contact Arianne Brady, Communications Manager, at media@calgarychamber.com or at 403-750-0414.