Operational Net-Zero Roadmap

Many solutions to address hard-to-abate emissions still have significant technological gaps or commercial challenges. Recognizing this, we use an operational net-zero roadmap to identify and share ideas and concepts which direct our efforts toward studies, pilots and engagement with our industry peers, vendors, and academia. By placing these potential solutions in a roadmap which is distinct from our MACC program, the business can focus attention on what is achievable today while our technology development programs can direct collaborative efforts with peers and external stakeholders.

The company’s net-zero roadmap, like our scenario planning, is an illustrative, evergreen construct that will necessarily adjust over time in connection with various factors (including ongoing efforts and results, regulatory and/or technology changes, and future long-term plans that are subject to adjustment).

To drive accountability for the emissions that are within our control, our operating business units (BUs) own their own asset-specific version of a roadmap. BUs also identify technology solutions for hard-to-abate emissions and pilot new methods to reduce and accelerate emissions reductions. When rolled up, these BU roadmaps inform our technology development, operations and engineering teams, along with our development staff, as to where to direct efforts today, while allowing us to forecast and prioritize future needs. While our emissions reduction progress to date has not included the use of voluntary offsets, we are building a portfolio of offsets for potential use in the future.

The company-wide net-zero roadmap will also:

  • Empower each BU to identify solutions specific to its needs.
  • Leverage the MACC process to prioritize, study and pilot emerging technologies.
  • Promote knowledge sharing across BUs on projects which are scalable or transferable.
  • Provide optionality, addressing the uncertainty that comes with technology advancement.
  • Be a means to help understand the challenges we face on our net-zero journey.