Suncor’s Rick George on Canada’s energy future
Since 1990, Canada's oil sands industry has harnessed technology to reduce by more than 30 per cent the amount of carbon emitted for each barrel of oil produced, says Rick George, President and Chief Executive Officer of Suncor Energy.
"We’ve still got a way to go, but major progress has been made," Mr. George said in a speech to the Canadian Club of Montreal.
He added that Suncor has reduced its water use by more than one-third since 2002. In addition, the company is investing more than $1.2 billion over the next two years to implement a new technology that will reduce the need for future tailings ponds and make it possible to reclaim entire mine sites in a quarter of the time it now takes.