Social Responsibility Report
Suncor Energy Inc.
Mark 301 – OP95 Fundamentals of Marketing
Introduction:
Suncor Energy Inc. is a company that was founded in 1967; it is Canada 's premier integrated energy company, and the fifth largest North American energy company. Suncor provides thousands of well-paid jobs, puts millions of dollars in Canadian businesses every year, takes action on environment issues and supports our communities by funding local initiatives. (Suncor Website, 2012) Suncor is leading the way in oil sands operations and development while investing in technologies to improve environmental performance. A considerable part of Suncor’s portfolio is invested renewable energy
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This is not only a benefit to the environment, but it also benefits the shareholders as a more efficient company will turn a better profit. Suncor has made it a goal to improve energy efficiency by 10% by 2015. To do this is had focused on developing technologies to increase energy efficiency and recapture. Carbon capture and storage (CCS), Integrated CO2 Network (ICO2N) and CO2 Capture Project (CCP3) are all developed policy and technology projects that have been deployed throughout the Suncor organization. Suncor is also taking a leadership role in Carbon Management Canada (CMC). Suncor is revisiting future growth project designs to evaluate GHG reduction opportunities. Suncor is also participating in advanced research on GHG abatement technologies through CMC, ICO2N, CCP3 and other groups.
There are many by products produced in the oil sands process, many of these are air emissions containing nitrogen oxides, sulfur oxides, and volatile organic compounds. All of these have a detrimental effect on the ecological environment and the employees working around them. Suncor is utilizing complete Environmental Informational Management System (EIMS) implementation for air data for all assets, and investing in equipment and technology to achieve emission reductions. Suncor is continually generating air-related emissions data for reporting purposes, and continues to
During 1919 one of the most reliable energy companies was assembled and they are known as Suncor. The location where they were created was Montreal, Quebec. Now their headquarters have been shifted to Calgary where all the decisions are made. They specialize in producing synthetic crude which is abundant in the Alberta Oil Sands. The masterminds behind this company are John Fergusion who is the chairman of the board and Steve Williams the CEO. Like every successful business Suncor has a mission which is to create energy for a better world. Their vision is to be trusted with valuable natural resources so they can produce a better social well-being to raise the economic standards, they also want to create a healthy environment for the present
In 2007, Canada’s industries saved 2.1 billion U.S. dollars of energy costs (2007). All these numbers show Canada’s efforts in general public utilities.
is an "independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production"(Canadian Natural Resource Limited: TSE:CNQ quotes and news, n.d.). The company is environmentally conscious, very
1. Consider and discuss the impact of the rising price of gasoline on as many other products and services as possible.
The Alberta oil sands are a large contributor to the pollution of the air and water. They're responsible for 9.3% of Canada's greenhouse gas emissions and 0.13% of global emissions. The oil sands already produce a large amount of air pollution but the emissions are
Environmental factors that may influence the future of Suncor Energy and the implications on the employees and the Human Resources Department.
Air pollution is a major threat to the atmosphere, causing damages to the environment by emitting harmful substance to human health. Alberta has become a vulnerable society that has resulted in an increase rate of illness caused by poor air quality from asthma to lung cancer. Although Alberta is one of Canada’s largest growing industries, Alberta produces the most greenhouse gas emissions, which has made Alberta to position as the worst air quality management in the Canadian Ambient Air Quality Standards (CAAQS) (Esrd.alberta.ca).
The oil production in Canada has several significant issues that depict the destruction nature of the industry. These issues can be categorized as environmental, political, economic, and social. The environmental issues lead the pack; in that the environmental destruction associated with the industry is extensive. The environmental problems are climatic, land, water and air related (Best & Hoberg, 2015). Under climatic effect, studies indicate that the development of the tar sides has resulted to three times more greenhouse gases (GHGs) than in production of conventional oil. These environmental issues are caused by the composition of the tar sands. Unlike the convention oil, tar sands are a mixture of bitumen and sand. The process of separating the two results triples GHGs emissions when compared to conventional oil production (Koring, 2013).
EnCana Corporation (EnCana) is one of North America’s leading natural gas producers. It is among the largest holders of natural gas and oil resource lands onshore North America and is a technical and cost leader in the in-situ recovery of oil sands bitumen. EnCana’s other operations include the transportation and marketing of crude oil, natural gas, and natural gas liquids; as well as the refining of crude oil and the marketing of refined petroleum products. Its operations are located in Canada, the US, Ecuador, and the UK.
Ontario has its own creative and effective strategies to combat climate change. One of Ontario’s goal is a low-carbon future. To accomplish this the province started making carbon reductions in 1990 and are on track to reduce carbon emissions by 15% in 2020, 37 per cent in 2030 and 80 per cent in 2050 (Climate Change Action Plan, 2017). Ontario’s target of reducing emissions by 6% was met on schedule in 2014 (Climate Change Action Plan, 2017). One of the reasons this has been made possible is because of Ontario’s investment in carbon reduction. For example, in 2015 Ontario committed $325-million payment to Ontario’s Green Investment Fund to support programs that help households and businesses implement
Forough Farrokhzad was an Iranian poet who experienced ups and downs of life and grew up with her poems. She was born in 1935 in Tehran. She was really into Persian literature, so she began writing ghazals as she was a high school student. She got married after finishing High School and published her first verse, called The Captive in 1955. After that, Forough got divorced and a year later her second collection of poems, the wall, which was dedicated to her ex-husband was public. By the time she was 21, she traveled to Europe for the first time. There she saw the world from another point of view and found her true self. Her next collection of poems was published the following year in the name of Rebellion. Shortly, she met Ebrahim Golestan.
Canada has the potential to be a “sustainable energy superpower” due to the vast amount of resources it contains. It has a large landmass and diversified geography which can be used to produce renewable energy from such resources; watermill, wind, biomass, solar, geothermal, and ocean energy. Renewable energy is energy obtained from natural resources that are able to be naturally replenished within a human lifespan (Natural Resource Canada, 2014). Currently, fossil fuel burning is the major source of energy in Canada and although it can be re-used, the process is so long that it is considered to be non-renewable. Also, fossil fuel burning for coal, natural gas, and petroleum gas pollutes the environment with greenhouse gases on a large scale, causing global warming. Non-renewable energy is taken from sources that re available on Earth in limited quantity, likely vanishing within fifty to sixty years from today (Conserve Energy Future, 2014). Thus, it is important for Canada to invest their money on resorting to more environmentally friendly and renewable ways to make electricity. Being a developed country, Canada has the financial stability to purchase the technologies over time in order to produce renewable energy. In addition, many organizations and the government have taken a step to educate the society about issues regarding energy usage, and to create programs which conserve energy for the future. In the future generations, Canada will be able to generate sufficient
I chose to look into General Electric for this project because they are an energy supplier and multi-national company. Energy providers have a reputation as a money hungry companies that care about the bottom line more than people and the planet. It is easy for a person to assume that a corporation of GE’s size, money would be its only concern. What I learned was that GE has a public image problem more than a Corporate Social Responsibility (CSR) problem. The company has been working to make the people of the planet more Earth friendly by creating technology that has higher efficiency with fewer emissions and lower resource demands. GE has a well-established strategy for Corporate Social Responsibility. As a result of CSR the company
Exxon-Mobil is the world’s largest privately owned multi-national oil and gas company (Skjaerseth 2003). For companies as large as ExxonMobil, which possess considerable capital resources and are able to exert considerable power and influence, society is increasingly demanding that they behave in a socially responsible manner (Diara, Alilo, and McGuire 2004). There is a growing expectation that companies will adopt a business approach that illustrates responsibility to society above and beyond the economic function and legal performance of the firm (Gibbs 2009). This expectation can be understood as an implicit social contract. One of the underlying
On the same note, the energy revolution spoken of above brings forth another advance in the ongoing global climate situation. The nature of the Kyoto Protocol calls for nations to increase research and eventually semi-convert their energy usage to accommodate for cleaner energy. Products such as solar power, wind power, biomass, geothermal power, and hydropower are now widely being studying to create processes that use less coal, oil, and natural gas in production. Altogether the results have