A first-of-its-kind investment partnership fueling the next energy transition.
Evok Innovations (“Evok”) is a unique partnership uniting Canada’s oil and gas companies and the BC Cleantech CEO Alliance to fund and accelerate the development and commercialization of transformative energy solutions. This partnership was created to address the most pressing environmental and economic industry challenges. Learn more >
Jul 28, 2016 - Huffington Post
Oilsands Giant Suncor Might Actually Leave Its Oil In The Ground
A proposal by oilsands giant Suncor Energy to leave some of its more difficult-to-produce reserves in the ground, to reduce emissions and costs, is being endorsed by environmentalists — but not by rival producer Cenovus Energy. CEO Steve Williams said Suncor has asked the Alberta government to allow it to "strand'' some of its oilsands reserves if they're too expensive to produce, or if they'd add too greatly to the intensity levels of its overall greenhouse gas emissions. Read More >
Jul 23, 2016 - JWN Energy
Suncor’s emissions goal seen to be "heroic" but challenging
Suncor Energy Inc. plans to hold total greenhouse gas emissions at current levels through 2030 even as it boosts crude production by targeting a reduction in carbon output per barrel. By cutting emissions per barrel by about 30 percent, the oilsands producer will be able to cap its greenhouse gases at about 21 megatons a year, according to the company’s sustainability report released Thursday. That figure that would grow to as much as 27 megatons without the planned intensity reductions. Read More >
Jul 29, 2016 - Calgary Herald
The era of oilsands megaprojects is over
Notes of caution dominated the conversations surrounding the release of second-quarter results by oilsands players on Wednesday and Thursday. What was clear from the messaging coming from each of the three companies on the earnings calendar — Suncor, Cenovus and MEG — is that costs are coming down and the era of oilsands megaprojects is definitely over.
“The biggest takeaway is the success companies have had in bringing down their costs,” said Mike Dunn, director, institutional research with FirstEnergy Capital Corp. pointing to Cenovus and MEG. Read More >
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