Innovative solutions for sustainable oil

cleantech in oil sands

COSIA is proud to release its 2020 Annual Report Innovative solutions for sustainable oil. This year’s annual report highlights of some of the successful innovation undertaken by COSIA members last year in the clean tech space to improve environmental performance in the oil sands.

In 2020, 233 active projects were underway in our four Environmental Priority Areas: Greenhouse Gases, Land, Tailings and Water for a total investment of $531 million. Since COSIA was formed in 2012, members have invested a total of $1.8 billion in these efforts. In all, they have supported a total of 1,143 contributed clean technologies since that date.

COSIA Chief Executive Wes Jickling says that Canada’s oil sands have a long track record of clean technology innovation that continues to move the needle in terms of environmental performance. “One question I’m frequently asked in conversation is: “Can the oil sands be part of a low-carbon future in Canada?” My answer is always, “yes, absolutely,’” Jickling says. “This work of enhancing the sustainability of one of Canada’s major natural resources, while enabling economic opportunity has, perhaps, never been as important as it now – as Canada looks to embark on a sustainable recovery.”

Harnessing the power of collaboration from across Canada and around the world has allowed COSIA to tackle tough challenges in the oil sands, including emissions reduction. These efforts are paying off and shortening the trajectory of sustainable oil sands development. Year over year, COSIA and its members continue to make gains as our annual Performance Numbers show.

•    COSIA mining operators have reduced net water use intensity from the Athabasca River and its tributaries by 25 percent, down to 1.4 barrels of Athabasca River water per barrel of oil produced (from 2.2 barrels in 2012).

•    COSIA in situ operators have reduced freshwater use by 46 per cent, down to 0.19 barrels of water per barrel of oil produced (from 0.36 barrels in 2012).

•    COSIA members have reduced the operating footprint intensity of in situ operations by 6 per cent since 2012.

•    Since 2013, oil sands emissions intensity has been reduced by an approximate average of 14 per cent for mining operations and 8 per cent for in situ operations.

Canada is already among the most responsible of the major oil producing countries. It ranks #1 for its environmental, social, and governance practices among the world’s top oil reserve holders, and #2 overall among the largest 20 oil producing countries. (BMO Capital Markets Report March 2020)

Meeting Canada’s environmental targets are going to take collaborative effort from government, industries and academia to ensure we set the right policy, regulatory, and technological foundations for a reliable and affordable energy transition. Canada has a ready partner in the oil sands industry to take on the challenge. COSIA is proud to be an enabler and a means to achieving that goal sooner.

Interested in finding out more about innovation at COSIA? Sign up for our newsletter. 

Share on:

Facebook LinkedIn Twitter