Canada Suncor Energy Sets Net Zero Emissions Target

According to a report from the US drilling website on June 1, 2021, Suncor Energy of Canada revealed to the media an updated strategy that focuses on increasing shareholder returns and accelerating the reduction of greenhouse gas (GHG) emissions The goal is to achieve net zero emissions by 2050.

Suncor Energy stated that the foundation of this strategy is its principles of operational excellence and capital discipline.

Suncor Energy revealed that the planned free flow growth will focus on strengthening the balance sheet by increasing dividends, continuing stock repurchases, and continuing to reduce debt, bringing significant value to shareholders.

Suncor Energy President and CEO Mark Little said in a company statement: "For decades, Suncor Energy has been evolving and developing its business, turning a budding oil sands resource into the world One of the most reliable and ESG-leading oil fields.

He added: "In the next few decades, we will continue to produce oil sands, drive substantial shareholder returns and value, and achieve further emissions reductions in the process of achieving net zero emissions by 2050.

Suncor Energy’s website shows that Suncor Energy is Canada’s leading integrated energy company with a global team of more than 30,000 people.

Li Jun compiled from the U.

The original text is as follows:

Suncor Sets Net Zero Objective

　　Suncor has revealed an updated strategy which is focused on increasing shareholder returns and accelerating progress in reducing greenhouse gas (GHG) emissions, with an objective to be net-zero by 2050.

　　The company said the strategy is underpinned by its principles of operational excellence and capital discipline.

　　This planned free funds flow growth will be focused on returning significant value to shareholders through increased dividends, ongoing share buybacks and fortifying the balance sheet through continued debt reduction, Suncor revealed.

　　“For decades, Suncor has been evolving and growing its business – transforming a budding oil sands resource into one of the world's most reliable and ESG-leading oil basins in the world,” Mark Little, Suncor's president and chief executive officer, said in a company statement.

　　"We will continue to produce oilsands for many decades to come, driving significant shareholder returns and value, and delivering further emissions reductions on our journey to net-zero by 2050," he added.

　　Suncor is Canada's leading integrated energy company, with a global team of over 30,000 people, the company's website highlights.