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Suncor says so long to wind and solar assets

By Canadian Press   

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Suncor says it is getting rid of its wind and solar assets, shifting its focus to hydrogen and renewable fuels.

The Calgary, Alta.-based company says it still intends to be net-zero emissions by 2050, but will accelerate progress towards that target by moving in this new direction, utilizing a strategy for hitting the 2050 goal that is focused on increasing shareholder returns.

The company has developed eight wind power projects since 2002 in three provinces: Saskatchewan, Alberta and Ontario.

Suncor’s efforts to hit the 2050 net-zero goal also include replacing coke-fired boilers at its Base Plant oil sands project near Fort McMurray, Alta., with lower emission cogeneration units, as well as accelerating commercial-scale deployment of carbon capture technology.


The company is also partnering with ATCO on a project to build a world-scale hydrogen project in Alberta, deploying next-generation renewable fuel technologies like LanzaJet’s sustainable aviation fuel technology and Enerkem’s waste-to-fuels technology.

(Canadian Press)


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