- Technology is fundamental to Suncor’s business. In 2013, Suncor spent approximately $150 million to support research and development of technology, including N-Solv®, SAGD LITE, autonomous haulage systems, enhanced solvent extraction incorporating electromagnetic heating (ESEIEH) and the Water Technology Development Centre.
“When it comes to technology, there is no shortage of people with good ideas, but there can be a gaping divide between conception and implementation. Our number one job is to find and develop the technologies that can be applied to our real-world challenges and then use them to meet our goals of increasing production, lowering costs and reducing our environmental footprint,” said Gary Bunio, General Manager, Technology Development.
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Source: Suncor Energy.
* Reclaimed lands have not been certified as such by government regulators. For what the Company means by reclaimed, please see the details below:
Reclamation – Reclamation at Suncor is a carefully monitored process with two distinct components: (i) transformation of the area, including tailings ponds, into a solid material that can support vegetation, wildlife and landscape restoration, which includes landform design and soil placement; and (ii) re-vegetation in a way that the reclaimed landscape can support vegetation and wildlife as a self-sustaining ecosystem. When Suncor claims that it has reclaimed land or plans to reclaim land, the reclaimed land will have met or is intended to meet the two distinct components identified in this paragraph.
About Suncor Energy
Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. A member of Dow Jones Sustainability Indexes, FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio. Suncor is listed on the UN Global Compact 100 stock index and the Corporate Knights’ Global 100. Suncor’s common shares (symbol: SU) are listed on the Toronto and New York stock exchanges. For more information, visit www.suncor.com.