Canadian energy company produces more energy and less green house gas emissions

It would be interesting to know how many Albertans realize that Canadian energy companies are already producing less green house gas emissions. Furthermore how many people know companies like Cenovus Energy have pledged and are already working toward incredibly aggressive emissions targets? It’s true. It’s already happening. You can learn more about the Cenovus green house gas (ghg) emmissions strategy right here.

From Cenovus Energy

Climate & greenhouse gas (GHG) emissions

Focus area

2030 targets

Climate & GHG emissions

Reduce emissions intensity by 30%⁽¹⁾
Hold absolute emissions flat⁽¹⁾

Ambition: In addition to our 2030 climate & GHG targets above,
Cenovus’s long-term ambition is to reach net zero emissions by 2050.

⁽¹⁾ Includes scope 1 and 2 emissions from operated facilities. Uses a 2019 baseline. For more details, see the Definitions section of our ESG targets news release.

At Cenovus, we recognize the growing concerns of people around the world about climate change and we share the goal of reducing GHG emissions.

Governments are supporting the transition to a lower-carbon future by introducing increasingly stringent climate-related policies and creating incentives for emissions-reduction solutions. We believe companies that fail to adapt to this transition will face growing carbon-related risks, while those that act now will position themselves for long-term business resilience. That’s why Cenovus is focused on demonstrating equally strong financial, operational, and environmental, social & governance (ESG) performance.

Cenovus is already one of the lowest emissions producers of oil in Canada with production emissions well below the global average. Building on this, our new GHG emissions targets are among the most ambitious in the world for an upstream exploration and production company.

30% GHG intensity reduction

We plan to reduce our per-barrel GHG emissions by 30% by the end of 2030, using a 2019 baseline, and hold our absolute emissions flat by the end of 2030. In setting our GHG targets, we worked comprehensively with global experts to stress test both the targets and our strategic options for achieving them. And we analyzed scenarios from third parties to assess the resiliency of our business as we further reduce our emissions intensity.

Our GHG emissions strategy includes a number of options to reach our targets. These opportunities are at various stages of development, and include: additional operational optimization, incorporating cogeneration capacity into future oil sands phases, more extensive deployment of solvent technology, further advancement of the methane emissions reduction initiatives already underway at our Deep Basin operations and additional operational efficiencies, including the use of data analytics. Cenovus is also considering other direct and indirect initiatives that generate credible, additional and permanent carbon offsets.

Net zero emissions by 2050

Cenovus’s long-term ambition is to reach net zero emissions by 2050. This is intended to address upstream (scope 1 and scope 2) emissions and will require ongoing focus on technology solutions beyond those that are commercial and economic today. We continue to identify opportunities to participate in longer-term solutions to address emissions from our operations and beyond. This includes extensive collaboration efforts with our peers, academics, other industries and entrepreneurs from around the world.

Air quality

We monitor ambient air quality at our operations to ensure that sulphur dioxide (SO₂), hydrogen sulphide (H₂S) and nitrogen oxides (NO_x) concentrations remain within acceptable levels. To reduce air pollutants such as SO₂ and NO_x, as well as GHG emissions such as methane, we invest in technologies that help lower energy consumption in our day-to-day operations and processes.

We’ve already made significant progress in reducing methane emissions at Cenovus and we’re continuing to work on projects at our operations to further reduce emissions. Studies have shown that methane is a much more potent GHG than CO₂, which means that reducing methane emissions is a critical part of any plan to address climate change.

Quick facts

Between 2004 and 2019, Cenovus reduced the CO₂ emissions intensity of its oil sands operations by about 30%
NO_x emissions at our Christina Lake oil sands facility are about 50% below the regulatory threshold of 400 tonnes per year

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Alberta

Former senior financial advisor charged with embezzling millions from Red Deer area residents

Published on April 26, 2024

Todayville

News release from Alberta RCMP

Former senior financial advisor charged for misappropriating nearly $5 million from clients

On April 4, 2024, the RCMP’s Provincial Financial Crime Team charged a Calgary resident for fraud-related offences after embezzling millions of dollars from his clients while serving as a senior financial advisor.

Following a thorough investigation, the accused is alleged to have fraudulently withdrawn funds from client accounts and deposited them into bank accounts he personally controlled. A total of sixteen victims were identified in the Red Deer area and suffered a combined loss of nearly $5 million.

Marc St. Pierre, 52, a resident of Calgary, was arrested and charged with:

Fraud over $5,000 contrary to section 380(1)(a) of the Criminal Code; and,
Theft over $5,000 contrary to section 344(a) of the Criminal Code.

St. Pierre is scheduled to appear in Red Deer Provincial Court on May 14, 2024.

“The ability for financial advisors to leverage their position to conduct frauds and investment scams represents a significant risk to the integrity of Alberta’s financial institutions. The investigation serves as an important reminder for all banking clients to regularly check their accounts for any suspicious activity and to report it to their bank’s fraud prevention team.”

Sgt. John Lamming, Provincial Financial Crime Team

The Provincial Financial Crime Team is a specialized unit that conducts investigations relating to multi-jurisdictional serious fraud, investments scams and corruption.

Alberta

Political parties will be part of municipal elections in Edmonton and Calgary pilot projects

Published on April 25, 2024

Government of Alberta

Strengthening Alberta’s local elections

Alberta’s government is introducing legislation to ensure Albertans can rely on transparent, free and fair elections, and municipally-elected officials have clearer accountability measures.

In a democratic society, Albertans expect their local elections to be free and fair, and their elected officials to be held to account by clear rules that govern their local councils. The Municipal Affairs Statutes Amendment Act proposes amendments to the Local Authorities Election Act (LAEA) and the Municipal Government Act (MGA) to add greater transparency to local election processes and ensure local councils and elected officials continue to remain accountable to the citizens who elected them.

“Our government is committed to strengthening Albertans’ trust in their local governments and the democratic process that elects local leaders. The changes we are making increase transparency for Alberta voters and provide surety their votes will be counted accurately. We know how important local democracy is to Albertans, and we will work with local authorities to protect and enhance the integrity of local elections.”

Ric McIver, Minister of Municipal Affairs

Local Authorities Election Act

Albertans expect free and fair elections and that’s why it’s important we strengthen the rules that govern local elections. To strengthen public trust in local elections, Alberta’s government will eliminate the use of electronic tabulators and other automated voting machines. All Albertans should be able to trust the methods and results of local elections; requiring all ballots to be counted by hand, clarifying rules and streamlining processes for scrutineers will provide voters greater assurance in the integrity of the results.

All eligible Albertans should be able to vote in local elections without impediment. Alberta’s government will limit the barriers for eligible voters to cast a ballot by expanding the use of special ballots. Currently, special ballots can only be requested for very specific reasons, including physical disability, absence from the municipality, or for municipal election workers. By expanding the use of special ballots, the government is encouraging more voter participation.

Amendments in the Municipal Affairs Statutes Amendment Act would increase transparency in local elections by enabling political parties at the local level. Political parties would be enabled in a pilot project for Edmonton and Calgary. The act will not require candidates to join a political party in order to run for a local or municipal office, but will create the opportunity to do so.

In addition, proposed changes to the Local Authorities Election Act would allow municipalities the option to require criminal record checks for local candidates, thus increasing transparency and trust in candidates who may go on to become elected officials.

Municipal Government Act

The role of an elected official is one with tremendous responsibility and expectations. Changes proposed to the Municipal Government Act (MGA) will strengthen the accountability of locally elected officials and councils. These include requiring mandatory orientation training for councillors, allowing elected officials to recuse themselves for real or perceived conflicts of interest without third-party review and requiring a councillor’s seat to become vacant upon disqualification.

If passed, the Municipal Affairs Statutes Amendment Act will also unlock new tools to build affordable and attainable housing across Alberta. Proposed amendments under the MGA would also create more options for municipalities to accelerate housing developments in their communities. Options include:

Exempting non-profit, subsidized affordable housing from both municipal and education property taxes;
Requiring municipalities to offer digital participation for public hearings about planning and development, and restricting municipalities from holding extra public hearings that are not already required by legislation; and
Enabling municipalities to offer multi-year residential property tax exemptions.

Municipal Affairs will engage municipalities and other partners over the coming months to hear perspectives and gather feedback to help develop regulations.

Quick facts

The LAEA establishes the framework for the conduct of elections in Alberta municipalities, school divisions, irrigation districts and Metis Settlements.
The MGA establishes the rules governing the conduct of local elected officials once on council, as well as the overall administration and operation of municipal authorities in Alberta, including any policy those authorities may wish to implement.