07:47:09 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Imperial Oil Ltd
Symbol IMO
Shares Issued 575,945,886
Close 2023-09-11 C$ 78.19
Market Cap C$ 45,033,208,826
Recent Sedar Documents

FP says Cenovus, rivals hear output up, emissions down

2023-09-11 08:06 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Financial Post reports in its Monday, Sept. 11, edition that Canada's oil and gas sector is pointing to new numbers that it says prove the industry can increase production and lower emissions at the same time. The Post's Amanda Stephenson writes that the analysis by the Canadian Association of Petroleum Producers shows emissions from the country's conventional oil and natural gas sector fell 24 per cent in the last decade. CAPP chief executive officer Lisa Baiton said, "Canada's conventional producers are demonstrating we can grow energy production to address energy security while also lowering emissions." Conventional production refers to all oil and natural gas production outside of Canada's oil sands. During the period studied, the decade between 2012 and 2021, Canadian conventional oil production declined by 9 per cent, but emissions from production dropped by 27 per cent -- or from 100 million tonnes of carbon dioxide equivalent in 2012 to 76 million tonnes in 2021. For natural gas, total CO2 emissions fell by 22 per cent although production rose by 35 per cent. Natural gas producers were able to reduce their total emissions of methane -- a particularly harmful greenhouse gas -- by 38 per cent.

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