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Climate Change

We recognize that human activity, including the burning of fossil fuels, is contributing to increased concentrations of greenhouse gases (GHGs) in the atmosphere that can lead to adverse changes in global climate. While uncertainties remain, we continue to manage GHG emissions in our operations and to integrate climate change-related activities and goals into our business planning.

Our Perspective on Future Energy

As an oil and gas exploration and production company we face both challenges and opportunities as we provide affordable, reliable energy to the growing global population while also taking appropriate action on climate change issues.

Taking Action on Climate Change

Our climate change strategy is designed to prepare the company to succeed in a world challenged to reduce greenhouse gas (GHG) emissions.

Climate Change Strategy

By using our own energy planning model, we gain insight into various scenarios impacting future supply, demand and prices of key commodities.

Public Policy Engagement

We believe that over the months and years ahead, governments — federal, state/provincial and local — will continue to act upon the issue of global climate change.

GHG Intensity Target

We have set a long-term target to reduce our GHG emissions intensity between 5 and 15 percent by 2030, from a 2017 baseline.

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Total GHG Emissions

Energy efficiency and technology implementation were key to managing our GHG emissions in 2016, even as we adjusted our level of activity amid the continued downturn in prices of natural gas and oil.