The path forward requires significant collaboration between industry, academia and governments. We want to make sure we’re pursuing the most effective technologies possible. Because we all have a role to play in the energy transition, we are actively collaborating with different organizations to share knowledge and accelerate our industry forward.
Canada’s Oil Sands Innovation Alliance
Suncor is a member of Canada’s Oil Sands Innovation Alliance (COSIA), an alliance of companies representing roughly 90% of oil sands production. By focusing on the environmental areas of greenhouse gases, land, tailings, water and monitoring, COSIA brings resources and people together to address specific environmental challenges and shorten innovation timelines across the oil sands industry. Suncor participates in many technology studies and joint industry projects, currently leading 40. To date, COSIA’s combined efforts have involved:
- $1.8 billion portfolio of more than 1,100 technologies (technology development costs)
- 233 current, active projects with a cost of $531 million.
Suncor is a co-founder of Evok Innovations, along with the BC Cleantech CEO Alliance and Cenovus Energy to accelerate early-stage technologies.
Evok is a Vancouver-based fund that combines the pace and creativity of a Silicon Valley startup with the experience and insight of industry insiders. Evok drives innovation by deeply understanding industrial challenges, leveraging a global network of entrepreneurs to find solutions, and providing the investment, mentorship, and market access to accelerate deployment for game changing results.
Through the partnership, Evok invests in a global portfolio of innovative companies to address the most pressing and environmental challenges of the oil and gas industry. An important feature of Evok is the access provided to the end customers (Suncor and Cenovus) at an early stage in the life of the startup companies. Since 2016, Evok has funded 13 clean technology companies.
Clean Resource Innovation Network
Suncor is a leading member of the Clean Resource Innovation Network (CRIN), which aims to position Canada as a global leader in producing clean hydrocarbon energy from source to end use.
The network unites oil and gas industry professionals, innovators, investors, startups, policy-makers, incubators and accelerators, researchers and students to advance technologies aimed at improving our economic and environmental performance and with the potential for export to global markets emphasizing the potential impact our country can contribute to help address global challenges.
Oil Sands Pathways to Net Zero
Suncor, Canadian Natural Resources, Cenovus Energy, Imperial and MEG Energy, which represent approximately 90% of Canada’s oil sands production, have established the Oil Sands Pathways to Net Zero alliance to work collectively with the federal and Alberta governments, to achieve net zero greenhouse gas (GHG) emissions from oil sands operations by 2050. The alliance incorporates a number of parallel pathways to address GHG emissions including a carbon sequestration hub through a CO2 trunkline in northern Alberta and deploying existing and emerging GHG reduction technologies.