Judy Fairburn, Cenovus Energy
To thrive in the energy industry today, a company has to be low cost, low carbon and highly collaborative.
With its commitment to innovative thinking, technology development and valued partnerships, Cenovus Energy has reduced the intensity of greenhouse gas emissions from its oil sands production by about one-third since 2004 and is targeting another one-third emissions intensity reduction over the next decade. The company has its sights set on zero-emissions oil as the ultimate goal.
To help achieve that ambitious goal, Judy Fairburn, Executive Vice-President Business Innovation at Cenovus, works with fellow oil producers, clean-tech companies, academics, governments and entrepreneurs through cross-sector partnerships to take on global energy and environmental challenges.
To improve efficiency and reduce environmental impact, Cenovus applies innovative thinking and implements advanced technology for its operations to decrease greenhouse gas emissions and air pollutants, minimize its land footprint, and reduce the impact its projects have on plants and animals while at the same time cutting costs.
Cenovus and other oil sands producers also work together, sharing hundreds of technologies through Canada’s Oil Sands Innovation Alliance (COSIA), to advance the development of technologies that improve the industry’s environmental performance. Through COSIA, Cenovus supports the NRG COSIA Carbon XPRIZE, an initiative that is challenging the world to transform greenhouse gas emissions into valuable products.
Cenovus and Suncor Energy have also teamed up with the BC Cleantech CEO Alliance to create a 10-year, $100-million fund – called Evok Innovations – to accelerate the development and commercialization of solutions to address the industry’s most pressing environmental and economic challenges.
By focusing on collaborative technology development, Cenovus believes oil can play an important role in a clean-energy future.
For more information about Cenovus Energy click here.