Technology and innovation
Harnessing technology and innovation
We are living in an era of exciting and challenging transformation – as a company, an industry and a global community. We have choices to make about our shared energy future and the role we will all play in shaping it.
An innovative approach
As the world goes through an energy transition, our goal is to reduce our emissions and expand our energy offerings into low-emissions businesses to provide the energy the world needs. As part of our evolution, we continue to harness technology capabilities to improve the safety, reliability, productivity and environmental performance of our operations.
Our continuous investment
In 2021, we invested approximately $565 million in technology development, deployment and digitalization transformation. We also invest in energy expansion projects – such as cogeneration, hydrogen and renewable fuels – to address climate change and provide low-emission sources of energy.
Reclamation technologies
Through research, new technologies and collaboration, we are accelerating the pace of progressive reclamation of disturbed land at our mining and in situ locations.
In situ technologies
We are advancing a portfolio of in situ technologies with the potential to lower the carbon intensity of producing bitumen.
Renewable technologies
While liquid fuels blended with first-generation biofuels comprise the bulk of transportation energy today, electric vehicle infrastructure, advanced generation renewable fuels and hydrogen fuel are all expected to grow.
Digitalization
The implementation of new digital tools, standardized processes and advanced analytics is helping us to improve our business performance.
Collaboration and engagement
Low-carbon energy expansion requires technological advancement and significant collaboration. We are collaborating and engaging to share knowledge and accelerate our industry forward.
Social innovation
We believe that social innovation is one way we can transform ourselves, our organizations and ultimately society in service of positive systems change.
