We regularly engage with local, provincial, state and federal government officials to provide information on matters important to our business and to ensure government policy decisions consider our perspectives. We work ethically and transparently and adhere to applicable laws and regulations.
Suncor supports efficient and outcomes-based policymaking that avoids overlapping regulations to improve clarity and predictability in decision-making.
Climate policy principles
At Suncor, we are committed to climate policy advocacy that supports our net zero objective and is consistent with the ambition of the Paris Agreement.
This includes alignment with the Paris Agreement’s goal to hold “the increase in the global average temperature to well below 2 °C above pre-industrial levels” while pursuing “efforts to limit the temperature increase to 1.5 °C above pre-industrial levels.”
We are guided by the following principles when providing input on climate policy:
Our 2050 objective
We aim to achieve net zero scope 1 and 2 GHG emissions by 2050.
We support national goals to reduce GHG emissions that are economically and technically achievable in a reasonable timeframe.
We endorse flexible solutions like carbon pricing that are transparent, predictable, and apply to all industrial emitters. This includes re-investment of compliance revenues to support emission reduction goals.
We recognize the need for competitiveness protections to avoid undue harm to the Canadian economy and to ensure climate policies don’t push industries to other jurisdictions.
Balance and durability
We encourage policies that reduce emissions while maintaining affordable and reliable energy to provide long-term predictability for investment decisions.
Water policy principles
At Suncor, we believe that water is a shared and precious resource. It must be managed wisely using a balanced, integrated and sustainable approach.
We are guided by the following principles when providing input on water policy:
We aim to manage water use responsibly and acknowledge its ecological and deep cultural significance for Indigenous Peoples in the watersheds where we operate.
Minimize water use
We strive to minimize our water use and do our part in maintaining a healthy ecosystem and functioning water cycle for current and future generations.
Integrated water management
We support policies that encourage integrated water management through reducing, recycling, reusing and safely releasing treated water back into the environment.
Government submission summaries
Our approach to climate and water policy engagement is to provide relevant information and increased transparency for the development of material policies.
Executive summaries of government submissions may be removed if the developing policy moves to the next stage, if it is formally legislated, or a more recent submission is available.