Imperial Sets 2030 Goal to Reduce GHG Intensity of Oilsands by 30%

Imperial Oil Ltd., marching in step with 70% owner ExxonMobil, has announced a greenhouse gas (GHG) reduction target that extends and triples a previously declared goal for the conglomerate’s Canadian arm.

The Calgary firm set a 2030 date for completing a 30% cut to the GHG intensity, or emissions volume per production unit, of its Alberta oilsands plants. Operations are “on track” to hit an initial goal of 10% in 2023.

“Our updated emission-reduction plans are challenging and require innovation and technology solutions developed in collaboration with policymakers, industry and other stakeholders,” said President Brad Corson.

Like ExxonMobil’s plans announced earlier this week, Imperial’s goals are tied to reductions off 2016 levels of Scope 1 and 2 emissions,...