Canadian Pure Assets, Canada’s largest oil and producer, is seeking to obtain internet zero emissions in its oil sands operations by utilizing modern applied sciences, govt vice chairman Steve Laut instructed CBC Information in an interview revealed on Wednesday.
The corporate hasn’t set a timeline for this bold goal, however Laut says that such a purpose is “doable.”
“It’s going to take a while and it received’t be simple, however there’s a number of know-how on the market. It’s spectacular,” the chief instructed CBC Information’ Kyle Bakx, noting that the corporate can also be one of many world’s largest carbon seize gamers.
Canadian Pure is the fifth largest proprietor of carbon seize and sequestration and storage (CCS) capability on the planet’s oil and gasoline business, the corporate mentioned in its 2018 Report to Stakeholders.
Canadian Pure Assets has diminished its company greenhouse gasoline emissions by 20 p.c since 2014, and has slashed venting at main heavy oil operations in Alberta by 72 p.c since 2014, the report confirmed.
“Canadian Pure is strongly…