May 24, 2024

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Suncor Vitality staff stroll previous heavy haulers at a Suncor website north of Fort McMurray, Alta. on this 2014 file photograph. Vincent McDermott/Fort McMurray At the moment/Postmedia Community

As an organization, Suncor’s efficiency lately hasn’t lived as much as our requirements or our shareholders’ expectations, and has lagged our friends. Consequently, we’re considerably growing our concentrate on the bottom enterprise fundamentals, the basics of security, operational integrity, reliability and profitability.

Why security? As a result of we care about folks. Why operational integrity? As a result of we care in regards to the surroundings. Why reliability? As a result of we care about efficiency. Why profitability? As a result of we care about paying our payments, contributing to our financial system, supporting our communities, rewarding our shareholders and, final however not least, funding future development and sustainability tasks.

We consider at this time’s profitability and long-term sustainability go hand in hand — you merely can’t have one with out the opposite.

So, is Suncor dedicated to the long-term sustainability of its companies? Completely. Is Suncor dedicated to being a part of the answer because the world’s power system transitions over time? Once more, completely. Does this imply that Suncor will throw cash into alternatives exterior of our core competencies the place we are able to’t see a path to future competitiveness and profitability? No, we gained’t. Does it imply that Suncor will collaborate, innovate and make investments to enhance base enterprise efficiency, scale back carbon emissions and set up new low-carbon options? Sure, we are going to.

And that’s precisely what we’re doing at this time.

We’re taking tangible actions to decarbonize our base hydrocarbon companies by investing in energy-efficient cogeneration capability at our giant oilsands websites, by piloting novel decrease carbon injectant applied sciences to be used in our in situ operations, by putting in charging services for electrical autos at our Petro-Canada stations and by working Canada’s largest ethanol manufacturing plant to supply renewable fuels.

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Suncor Vitality’s base plant with upgraders north of Fort McMurray, Alta. on Wednesday September 27, 2017. Vincent McDermott/Fort McMurray At the moment/Postmedia Community Picture by Vince Mcdermott /Vince Mcdermott/At the moment Employees

Seeking to the long run, we’re collaborating with 5 different oilsands corporations within the Pathways Alliance to pursue large-scale carbon seize and sequestration, supporting our goal to attain net-zero GHG emissions from our operations by 2050. The Pathways Alliance, of which Suncor is a founding member, includes unprecedented collaboration inside trade and with a number of ranges of presidency.

We’re dedicated to making sure a worthwhile, high-performing enterprise at this time and sooner or later. In our firm, it’s about each at this time and tomorrow, not one or the opposite.

I’m happy with the workforce at Suncor, staff and contractors alike, for what they do and the way they do it — working collectively to enhance at this time’s efficiency and guarantee tomorrow’s sustainability. Thanks, properly accomplished and stick with it.

And thanks Ted Lasso (and, in fact, Walt Whitman), for reminding all of us to “be curious, not judgmental.”

The significance of power to every of our lives and to our world, each at this time and tomorrow, is just too essential to be anything.

Wealthy Kruger is president and CEO of Suncor Vitality.

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