Technology development and innovative thinking are fundamental to how we do business. We aim to accelerate technologies that lead to lower capital expenditures, lower operating costs and improving our environmental performance.
Investing in technology
In some cases, we aggressively lead research and development of new technologies. In others, we invest, collaborate or partner through consortiums or third parties. Collaboration is critical to the oil sands industry’s efforts to develop and deploy new technologies.
Suncor is a co-founder of Evok Innovations, an initiative between the BC Cleantech CEO Alliance, Cenovus Energy and Suncor. Evok brings together British Columbia’s cleantech industry and Alberta’s oil and gas sector to advance new technologies directed at environmental and economic improvements. As a new cleantech fund, Evok connects the oil and gas industry with entrepreneurs and innovators with new solutions to help address the most pressing environmental and economic challenges facing the oil and gas sector today.