Canada's oilsands emissions intensity falls for sixth year
Canada's oilsands industry reduced its emissions per barrel for the sixth straight year in 2023, even as one growing portion of the sector moved in the opposite direction, according to new Alberta government data released Thursday.
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The emissions intensity of all oilsands sites fell to the equivalent of 0.399 metric tons of carbon dioxide per cubic meter of bitumen produced, down from 0.404 in 2022, the data show. The gain reflects improvements at oilsands mines, where bitumen is dug from the ground. However, in situ oilsands, which use wells similar to traditional oil producers, saw emissions per barrel rise.
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Even with the efficiency improvement, total emissions rose to the equivalent 80.1 million metric tons of carbon dioxide, up from 78.8 million in 2022, the data show. That's the highest in data back to 2011.
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The oilsands' declining energy intensity — to the lowest in data stretching back to 2011 — is welcome news for an industry that has struggled with a reputation for being climate unfriendly, prompting some investors to shun it altogether. However, the rising emissions intensity at well sites presents a challenge for the sector, as the method's lower costs make it increasingly popular among producers.
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While the average intensity of oilsands producers is higher than the average for the global oil industry overall, drillers' emissions profiles vary widely around the world, said Kevin Birn, chief analyst for Canadian oil markets for S&P Global.
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The oilsands 'fits well within the range of carbon intensity of oil and gas we see in the world,' Birn said in an interview.
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All of the oilsands mines reduced their emissions intensity with Canadian Natural Resources Ltd.'s Horizon making the biggest gain for the year.
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In situ production facilities, which include the more than 250,000 barrel-a-day Suncor Energy Inc. Firebag site and Cenovus Energy Inc.'s Christina Lake, inject steam into the ground to pump the viscous bitumen out of the earth. The emissions intensity of such facilities, the source of about 52 per cent of the bitumen produced in the oilsands, rose to 0.426 in 2023 from 0.417 a year earlier.
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In situ sites' emissions intensity can increase for a range of reasons, including simply through the addition of new wells, because steam is injected into the ground long before bitumen is produced, Birn said.
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The biggest emissions intensity increases for large producing sites came from Strathcona Resources Ltd.'s Tucker, where intensity has been rising each year since 2018, the data show. The biggest drop happened at Canadian Natural's Wolf Lake and Primrose Plant.
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Year to Date Results For the six months ended June 30, 2025, the Company recorded a net loss of $2,416 or $0.00 per share (2024 – net loss of $2,516 or $0.00 per share). The decrease in net loss was primarily due to the following: Exploration and evaluation expenditures decreased to $930 in 2025 (2024 - $1,202). Exploration and evaluation expenditures incurred during 2025 were primarily due to security and maintenance, continued diamond analyses, and test work for the FALC Project. Corporate development decreased to $32 in 2025 (2024 - $274) due to reduced marketing and publications issued in 2025. Loss on investment in Wescan Goldfields Inc. decreased to $nil in 2025 (2024 – loss of $58). Unwinding of discount of environmental rehabilitation provision increased to $132 in 2025 (2024 - $65). Change in derivative liability increased to a loss of $218 in 2025 (2024 - $nil) due to the changes in the fair values of the embedded derivatives of the convertible debentures. 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