CALGARY, Sept. 25 /CNW/ - For the fifth consecutive year, Suncor Energy
Inc. has been recognized by the Carbon Disclosure Project's "Carbon Disclosure
Leadership Index," ranking best among oil and gas sector companies globally.
The index highlights companies with the most comprehensive practices relating
to climate change governance and disclosure.
"Transparency in our actions and our greenhouse gas emissions performance
are central to Suncor's long-term climate change management strategy," said
Gord Lambert, Suncor's vice president of sustainable development. "We're proud
that our efforts have again been recognized and we will continue to be open
with stakeholders about our company's successes and our challenges."
In addition to a commitment to measurement and disclosure, Suncor's
climate change action plan also includes investing in research and technology,
developing renewable energy, employing emissions offsets and working with the
governments and other stakeholders on education and environmental policy
development. Emissions reduction efforts have reduced the greenhouse gas
intensity of Suncor's oil sands operations by nearly half since 1990. However,
with crude oil production more than tripling, absolute emissions have
increased. For more information, visit www.suncor.com/climatechange.
The Carbon Disclosure Project represents 385 global institutional
investors with more than $57 trillion in assets. The index comprises 67
constituents of the Global 500 Index. Analysis is based on disclosure of
greenhouse gas emissions, emissions reduction targets and risks and
opportunities associated with climate change.
In addition to being recognized by the Carbon Disclosure Project, in
2007, Suncor was named a Gold Level Reporter by the Canadian Standards
Association for our annual climate change report. In our United States
operations, Suncor joined the Climate Registry, a North American non-profit
organization, as a founding reporter. The registry provides a standardized
framework for GHG emissions reporting. Ceres, a coalition of investors,
environmental organizations and public interest groups, and the Association of
Chartered Certified Accountants awarded a special commendation for Suncor's
2007 Progress Report on Climate Change.
This news release contains forward-looking statements that address goals,
expectations or projections about the future. These statements are based on
Suncor's current goals, expectations, estimates, projections and assumptions,
as well as its current budgets and plans for capital expenditures. Some of the
forward-looking statements may be identified by the words "commitment", "plan"
and similar expressions. These statements are not guarantees of future
performance. Actual results could differ materially, as a result of factors,
risks and uncertainties, known and unknown, to which Suncor's business is
subject. Further discussion of the risks, uncertainties and other factors that
could affect these plans, and any actual results, is included in Suncor's
annual report to shareholders and other documents filed with regulatory
Suncor Energy Inc. is an integrated energy company headquartered in
Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray,
Alberta, extracts and upgrades oil sands and markets refinery feedstock and
diesel fuel, while operations throughout Western Canada produce natural gas.
Suncor operates a refining and marketing business in Ontario with retail
distribution under the Sunoco brand. U.S.A. downstream assets include pipeline
and refining operations in Colorado and Wyoming and retail sales in the Denver
area under the Phillips 66(R) brand. Suncor's common shares (symbol: SU) are
listed on the Toronto and New York stock exchanges.
For further information:
For further information: Shawn Davis: (403) 920-8379