Kyoto Protocol and government action

Suncor Energy announces 2022 production outlook and capital program

Retrieved on: 
Monday, December 13, 2021

Suncors corporate guidance provides managements outlook for 2022 in certain key areas of the companys business.

Key Points: 
  • Suncors corporate guidance provides managements outlook for 2022 in certain key areas of the companys business.
  • Assumptions for the Oil Sands operations, Syncrude and Fort Hills 2022 production outlook include those relating to reliability and operational efficiency initiatives that the company expects will minimize unplanned maintenance in 2022.
  • Assumptions for the Exploration & Production 2022 production outlook include those relating to reservoir performance, drilling results and facility reliability.
  • Declines in commodity prices may alter our production outlook and/or reduce our capital expenditure plans.

Ceres launches new effort to slash emissions and improve transparency across the food sector, sets out benchmark

Retrieved on: 
Thursday, July 29, 2021

As part of today's launch, Ceres published an investor statement of support and the list of the 50 focus companies that they plan to engage as part of Food Emissions 50.

Key Points: 
  • As part of today's launch, Ceres published an investor statement of support and the list of the 50 focus companies that they plan to engage as part of Food Emissions 50.
  • They also released an initial benchmark analysis of the companies' scope 3 emissions disclosures and emissions reduction targets.
  • Food Emissions 50 builds on the work of Climate Action 100+ , the Global Investor Engagement on Meat Sourcing , and other engagement initiatives.
  • Food Emissions 50 is part of a larger Ceres effort to decarbonize six of the highest-emitting sectors that account for nearly 80 percent of global greenhouse gas emissions.

Hydro One announces sustainability commitments and path to net-zero greenhouse gas emissions by 2050 and a 30 per cent reduction by 2030

Retrieved on: 
Wednesday, July 28, 2021

TORONTO, July 28, 2021 /PRNewswire/ - Today, Hydro One announced its plans to achieve net-zero greenhouse gas (GHG) emissions by 2050, with a target to achieve a 30 per cent GHG emissions reduction by 2030.

Key Points: 
  • TORONTO, July 28, 2021 /PRNewswire/ - Today, Hydro One announced its plans to achieve net-zero greenhouse gas (GHG) emissions by 2050, with a target to achieve a 30 per cent GHG emissions reduction by 2030.
  • "At Hydro One, we recognize the vital role we play in energizing life for Ontarians," said Mark Poweska, President and CEO, Hydro One.
  • "I commend Hydro One for helping Ontario achieve its emissions reduction targets, because clean, green growth is our province's way forward."
  • In addition to its net-zero by 2050 target, Hydro One also committed to greeningits fleet, supporting Indigenous businesses and communities and increasing employment diversity.

Canada Invests in Greening Ontario Transport Companies

Retrieved on: 
Monday, July 26, 2021

The Government of Canada is investing in initiatives that build a low-emissions future and ensure healthier, sustainable communities for future generations.

Key Points: 
  • The Government of Canada is investing in initiatives that build a low-emissions future and ensure healthier, sustainable communities for future generations.
  • The Honourable Seamus O'Regan Jr., Minister of Natural Resources, today announced a combined investment of over $220,000 to help four Ontario transport companies lower their fuel costs, improve the energy efficiency and reduce GHG emissions from their heavy-duty vehicle fleets.
  • Together, the companies have made energy efficiency retrofits to over 25 vehicles and provided fuel-efficient training for more than 180 drivers.
  • These collective measures will help save an estimated 430 tonnes of GHG emissions annually while making the companies more competitive through fuel savings.

Government of Canada confirms ambitious new greenhouse gas emissions reduction target

Retrieved on: 
Monday, July 12, 2021

This is Canada's first emissions reduction target that is enshrined in law under the new Canadian Net-Zero Emissions Accountability Act, which received Royal Assent in June 2021.

Key Points: 
  • This is Canada's first emissions reduction target that is enshrined in law under the new Canadian Net-Zero Emissions Accountability Act, which received Royal Assent in June 2021.
  • Canada is on a path to exceed its previous 2030 target to reduce greenhouse gas emissions by 30 percent below 2005 levels in partnership with provinces, territories, and Indigenous partners.
  • By working with the private sector and others, the government is confident Canada can achieve its enhanced 2030 GHG emissions reduction target and build a healthier environment and healthier economy.
  • Canada first announced its enhanced 2030 emissions target on April 22, 2021, at the US Leaders Summit on Climate.

Dana Accelerates Greenhouse Gas Emissions Reduction and Commits to Setting Science-Based Targets

Retrieved on: 
Monday, July 12, 2021

The company has also signed a commitment letter with the Science Based Target initiative (SBTi) to help set the company's future emissions targets.

Key Points: 
  • The company has also signed a commitment letter with the Science Based Target initiative (SBTi) to help set the company's future emissions targets.
  • Dana's GHG emissions target for 2030 brings forward the company's commitment to reduce more than 300,000 metric tons of carbon dioxide emissions annually.
  • "The ability to significantly accelerate our emissions reduction target is a result of our team's commitment to developing new technologies, delivering innovative products, and driving operational efficiencies," said James Kamsickas, Dana chairman and CEO.
  • Founded in 1904, Dana was named one of "America's Most Responsible Companies 2021" by Newsweek for its emphasis on sustainability and social responsibility.

Government of Canada legislates climate accountability with first net-zero emissions law

Retrieved on: 
Wednesday, June 30, 2021

Yesterday, the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, welcomed Royal Assent of the Canadian Net-Zero Emissions Accountability Act, which has become law.

Key Points: 
  • Yesterday, the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, welcomed Royal Assent of the Canadian Net-Zero Emissions Accountability Act, which has become law.
  • It marks the first time a Canadian government has legislated emissions reductions accountability to address climate change, by setting legal requirements on the current government and future governments to plan, report, and course correct on the path to net-zero emissions by or before 2050.
  • Enshrines in legislation Canada's commitment to set national targets for the reduction of greenhouse gas emissions in Canada with the objective of attaining net-zero emissions by 2050.
  • This new, more ambitious target will be formally submitted to the United Nations Framework Convention on Climate Change shortly.

Devon Energy Establishes New Environmental Performance Targets Including Net Zero GHG Emissions

Retrieved on: 
Monday, June 21, 2021

Since its founding in 1971, Devon has been at the forefront of technological innovation in the oil and natural gas industry.

Key Points: 
  • Since its founding in 1971, Devon has been at the forefront of technological innovation in the oil and natural gas industry.
  • The companys long history of using advanced technologies to improve efficiencies across the business will be key to delivering on its ambition to achieve net zero GHG emissions for Scopes 1 and 2 by 2050.
  • To demonstrate Devons progress in achieving its longer-term net zero ambition, the company is targeting reductions of its Scopes 1 and 2 GHG emissions intensity by 50% and methane emissions intensity by 65% by 2030 from a 2019 baseline.
  • Our new targets reflect our dedication and commitment to achieving meaningful emissions reductions while pursuing our ultimate goal of net zero GHG emissions.

Landmark Analysis of US Greenhouse Gas Emissions Provides Pathway for the United States to Achieve Net Zero Emissions

Retrieved on: 
Tuesday, May 25, 2021

A new analysis of US greenhouse gas emissions and a framework for the United States to achieve Net Zero emissions is announced today.

Key Points: 
  • A new analysis of US greenhouse gas emissions and a framework for the United States to achieve Net Zero emissions is announced today.
  • As the worlds second largest emitter, it is imperative that the US demonstrate leadership on climate change, said Richard Keiser.
  • To achieve Net Zero emissions, the cornerstone of US strategy must be a massive expansion of clean electricity infrastructure.
  • Mr. Keiser continued: The vast majority of US GHG emission reductions can be achieved today, without significant breakthroughs, using existing technologies.

Southern Company expects to achieve interim greenhouse gas emissions (GHG) reduction goal significantly ahead of schedule

Retrieved on: 
Tuesday, April 6, 2021

ATLANTA, April 6, 2021 /PRNewswire/ -- In 2020, the Southern Company system reduced greenhouse gas (GHG) emissions 52% from its 2007 benchmark levels, exceeding its 2030 goal to reduce GHG emissions by 50%.

Key Points: 
  • ATLANTA, April 6, 2021 /PRNewswire/ -- In 2020, the Southern Company system reduced greenhouse gas (GHG) emissions 52% from its 2007 benchmark levels, exceeding its 2030 goal to reduce GHG emissions by 50%.
  • The intermediate 2030 goal is part of the system's target to achieve net zero GHG emissions by 2050.
  • Southern Company's reduced GHG emissions are indicative of the accelerating pace of decarbonization across the system.
  • In 2018, GHG emissions were 35% below 2007 levels and further improved to a 44% reduction in 2019.