Sustainable development is a way of doing business that achieves three
objectives: sustainable communities, a sustainable environment and
sustainable economic growth. This applies to the everyday choices made
by everyone of our team members. This is how we do business.
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- The Athabasca Oil Sands Project will provide product to
help refiners meet the continuing North American demand for high
quality, low sulphur transport fuels and replace declining oil
production.
- The Project will contribute to local economies, provide needed
employment - around 1,000 permanent jobs in Fort McMurray and Fort
Saskatchewan - and generate substantial tax revenues equaling $5
billion in royalties and taxes over the life of the project.
- Consultation with local communities will continue to be a priority.
- We operate and will reclaim sites with the best
environmental practices available.
- Full-cycle carbon dioxide emissions will be reduced by 50 per cent
by 2010 - to the same levels as those from imported crude oil - by
operational improvements or offsets.
- An independent panel local, national and international
third party experts will help evaluate and monitor our Climate Change
Management Plan.
- The AOSP continues to build upon its positive relationships with regulatory agencies, local non-governmental organizations and neighbouring communities, and in particular with
local Aboriginal people, both First Natins and Metis. In 2003, procurement spending was $213 million to contractors in the Regional Municipality of Wood Buffalo, including
$22.8 million to Aboriginal companies. As well, people from the neighbouring communities fill jobs created by the AOSP whenever possible. More than 60 percent of the Albian Sands
Energy Inc. (a company owned by the joint-venture, which operates the mine and extraction plant) employees are hired from local communities, 90 percent of whom work in the mining
area.
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