Cenovus releases 2016 corporate responsibility report
14 July 2017 - 9:48AM
Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has published its 2016
corporate responsibility report detailing the company's
efforts to accelerate its environmental performance, protect the
health and safety of its staff, invest in and engage with the
communities where it operates and maintain the highest standards of
corporate governance.
In 2016, Cenovus:
- Set a target to achieve a 33 percent reduction in upstream
greenhouse gas (GHG) emissions intensity by 2026, compared with
January 2016 levels
- Invested in seven potential clean technology solutions through
Evok Innovations, including technologies for carbon capture and
conversion, industrial efficiency and the treatment of oil sands
process water
- Joined the MIT Energy Initiative (MITEI), the energy-focused
innovation hub of the Massachusetts Institute of Technology,
through its Carbon Capture Utilization and Storage (CCUS)
Low-Carbon Energy Center. The Center presents an unparalleled
opportunity to play a vital role in catalyzing the transition to a
low-carbon energy future
- Surpassed 30 million tonnes of carbon-dioxide (CO2) safely
injected underground since 2000 at the company’s CO2-enhanced oil
recovery project at Weyburn, Saskatchewan (the equivalent of taking
more than six million cars off the road for an entire
year)
Other highlights from the 2016 corporate
responsibility report:
- Reached a cumulative total of 430,000 trees planted as part of
the 10-year Cenovus Caribou Habitat Restoration Project – an
initiative to help protect caribou near the company’s oil sands
operations in northeastern Alberta
- Spent $198 million doing business with Aboriginal companies,
which was 19 percent of the company’s total capital spending for
the year
- Reached a record 50 days without a recordable injury at
Cenovus’s upstream and downstream operations
- Renewed the Board of Directors in 2016 and 2017 with four new
directors and a new Board Chair
Cenovus's corporate responsibility report has
been prepared in accordance with the Global Reporting Initiative
(GRI) G4 guidelines to the ‘Core’ option. The company also aligns
its performance metrics with the guidelines set out by the Canadian
Association of Petroleum Producers’ Responsible Canadian Energy
Program.
Cenovus Energy Inc.
Cenovus Energy Inc. is a Canadian integrated oil
company. It is committed to applying fresh, progressive thinking to
safely and responsibly unlock energy resources the world needs.
Operations include oil sands projects in northern Alberta, which
use specialized methods to drill and pump the oil to the surface,
and established natural gas and oil production in Alberta, British
Columbia and Saskatchewan. The company also has 50% ownership in
two U.S. refineries. Cenovus shares trade under the symbol CVE, and
are listed on the Toronto and New York stock exchanges. For more
information, visit cenovus.com.
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YouTube and Instagram.
CENOVUS CONTACTS:
Investor Relations
Kam Sandhar
Vice-President, Investor Relations & Corporate Development
403-766-5883
Steven Murray
Investor Relations
403-766-3382
Media
Brett Harris
Media Lead
403-766-3420
Media Relations general line
403-766-7751
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