Mr. Steve Williams reports

SUNCOR ENERGY RELEASES 2014 REPORT ON SUSTAINABILITY

Suncor Energy Inc. has released its 2014 report on sustainability: framing the next conversation. The report outlines Suncor's environmental, social and economic performance, and explores the challenges and opportunities related to producing energy.

The report highlights the importance of conversations and working together. "We seem to have lost the ability to have honest, direct, human conversations about energy choices that touch all of our lives, every day," said Steve Williams, president and chief executive officer. "We need to work on practical solutions when we are looking at our collective energy future. The next conversation on our energy future begins today."

The 2014 report includes a mobile-friendly, on-line design, shareable interactive charts and infographics, enhanced feedback survey tool, and opportunities to join the conversation through the Talking Yes website.

Below are some of the highlights found in the 2014 report.

Environment

The target year for Suncor's strategic performance goals on water consumption, reclamation of disturbed lands, energy efficiency and air emissions is 2015. The goals were established in 2009, with a baseline year of 2007:

• Water: Suncor's goal is to reduce freshwater consumption by 12 per cent by 2015. Earlier this year, Suncor opened a waste water treatment facility at its oil sands operations, which can recycle between 22,500 litres and 43,222 litres (equivalent to 12 to 35 Olympic-sized swimming pools) of water per minute.
• Land and biodiversity: Suncor has a goal to increase reclamation (i) of disturbed land area by 100 per cent by 2015. In 2013, Suncor officially opened a peat-accumulating wetland (a fen) native to the boreal forest near its oil sands base plant. The fen is a culmination of 10 years of collaborative research.
• Air: Suncor is seeking a reduction of 10 per cent in air emissions by 2015 as one of its environmental performance goals. Over all, total reported air emissions in 2012 decreased by almost 20 per cent compared with 2012 levels. This decrease was primarily due to reduction in emissions from oil sands and divestiture of North America onshore facilities.
• Energy intensity and greenhouse gas emissions: Suncor has a goal of improving energy efficiency by 10 per cent by 2015. In 2013, absolute GHG emissions increased, while emissions intensity slightly decreased. Suncor continues to implement measures that conserve energy and lower GHG emissions.

(i) Reclaimed lands have not been certified as such by government regulators. For what the company means by reclaimed, please see the reclamation section of this news release.

Social:

• In 2013, Suncor and the Suncor Energy Foundation have contributed more than $30-million in community investment.
• As part of the community investment program, Suncor works collaboratively with aboriginal businesses and communities. Suncor continues to implement its aboriginal economic collaboration strategy with a goal to increase partnerships with aboriginal businesses across Canada.

Economic:

• In 2013, Suncor spent more than $11.5-billion on goods and services. Of the 8,000-plus suppliers, 6,500 are Canadian and span all 10 provinces, as well as the Northwest Territories and the Yukon.
• Since 1992, Suncor has spent almost $2.5-billion on goods and services from aboriginal businesses.

Technology:

• Technology is fundamental to Suncor's business. In 2013, Suncor spent approximately $150-million to support research and development of technology, including N-Solvr, SAGD Lite, autonomous haulage systems, enhanced solvent extraction incorporating electromagnetic heating (ESEIEH) and the Water Technology Development Centre. Visit the report to view a timeline of technology development at Suncor.

Additional quotes

"If you don't aspire, you don't really know what you can achieve, and with these performance goals, we've already achieved a lot by challenging ourselves to do better," said Arlene Strom, vice-president, sustainability and communications.

"When it comes to technology, there is no shortage of people with good ideas, but there can be a gaping divide between conception and implementation. Our No. 1 job is to find and develop the technologies that can be applied to our real-world challenges, and then use them to meet our goals of increasing production, lowering costs and reducing our environmental footprint," said Gary Bunio, general manager, technology development.

"The way forward is about forging meaningful and authentic partnerships with aboriginal communities. It's about both sides bringing their expertise and voice to the table to find a better way -- that's what we're working toward," said Mary Pat Campbell, manager, stakeholder and aboriginal relations.

Reclamation

Reclamation at Suncor is a carefully monitored process with two distinct components: (i) transformation of the area, including tailings ponds, into a solid material that can support vegetation, wildlife and landscape restoration, which includes landform design and soil placement; and (ii) revegetation in a way that the reclaimed landscape can support vegetation and wildlife as a self-sustaining ecosystem. When Suncor claims that it has reclaimed land or plans to reclaim land, the reclaimed land will have met or is intended to meet the two distinct components identified in this paragraph.

We seek Safe Harbor.