Imperial Oil outlines citizenship progress and commitments
Calgary, AB, June 25, 2009
Imperial Oil today released its 2008 Corporate Citizenship Report. The report highlights the company's performance protecting water, land and air in its current operations, and outlines its future environmental plans for oil sands development.
"Our stakeholders expect us to meet the demand for energy in an environmentally responsible manner," said Bruce March, Imperial Oil's chairman, president and chief executive officer. A significant portion of our success as a business is our record of delivering strong environmental performance."
Legitimate environmental concerns surround oil sands development. The 2008 report includes a discussion about the challenge facing the oil and gas industry to minimize its footprint while meeting energy demand. "Our work is not done and we will continue to invest in research and technology to ensure we develop the oil sands responsibly and get it right," said March. "We encourage stakeholder dialogue about our approach to balancing energy, environmental and economic priorities."
Imperial Oil is one of Canada's largest corporations and a leading member of the country's petroleum industry. It is one of the country's largest producers of crude oil and natural gas, is the largest petroleum refiner, and has a leading market share in petroleum products sold through a coast-to-coast supply network that includes about 1,900 service stations.