Sunbridge Wind Power Facility, Gull Lake. One of Saskatchewan’s first wind farms, the Sunbridge facility is now 20 years old, and nearing end of life. Photo by SaskPower
CALGARY — Canadian energy company Suncor says it is getting rid of its wind and solar assets.
In a news release Monday, the Calgary-based company says it still intends to be net-zero emissions by 2050, but will accelerate progress towards that target by focusing on hydrogen and renewable fuels instead.
Suncor says its strategy for hitting the 2050 goal is also focused on increasing shareholder returns.
The company says it has developed eight wind power projects since 2002 in three provinces — Saskatchewan, Alberta and Ontario.
The news release says efforts to hit the 2050 net-zero goal also include replacing coke-fired boilers at its Base Plant oilsands project near Fort McMurray, Alta., with lower emission cogeneration units, as well as accelerating commercial-scale deployment of carbon capture technology.
It also notes it’s partnering with ATCO on a project to build a world-scale hydrogen project in Alberta and deploying next-generation renewable fuel technologies like LanzaJet’s sustainable aviation fuel technology and Enerkem’s waste-to-fuels technology.
This report by The Canadian Press was first published April 4, 2022.
Companies in this story: (TSX:SU)
The Canadian Press
- 0079 Ministry of Energy Business_incentive PO0079 Ministry of Energy Business_incentive PO
- 0078 LHOS 20240078 LHOS 2024
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0053 Kingston Midstream Westspur Alameda0053 Kingston Midstream Westspur Alameda
- 0076 Latus only0076 Latus only
- 0073 SaskWorks-Pipeline Online0073 SaskWorks-Pipeline Online
- 0063 Turnbull Excavating hiring crusher0063 Turnbull Excavating hiring crusher
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0058 Royal Helium Steveville opens anonymous rocket0058 Royal Helium Steveville opens anonymous rocket
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001