Energy and carbon summary Positioning for a lower-carbon energy future IMP-0015 Energy & Carbon Summary_v11.indd 1 2019-06-12 9:45 AM
Letter from the Chairman Imperial Oil Limited Energy and Carbon Summary 1 Letter from the Chairman Canada has the opportunity to be a responsible, long-term energy provider to people worldwide. Achieving this potential will…
2 Imperial Oil Limited Energy and Carbon Summary Strategy Summary at-a-glance Imperial is well-positioned to help support Canada in responsible energy development and production. The 2018 Outlook for Energy (Outlook)(1)…
Highlights from ExxonMobils Energy & Carbon Summary Imperial Oil Limited Energy and Carbon Summary 3 Outlook for Energy The Outlook for Energy (Outlook) (1) provides a global view of energy demand and supply through 2040. Energy…
4 Imperial Oil Limited Energy and Carbon Summary Highlights from ExxonMobils Energy & Carbon Summary Global energy mix is shifting Highlight: Outlook for Energy projections Electrification and gradual decarbonization continue…
Highlights from ExxonMobils Energy & Carbon Summary Imperial Oil Limited Energy and Carbon Summary 5 Sensitivities included in the Outlook projections Sensitivities are used to provide greater perspective on how changes to the base…
6 Imperial Oil Limited Energy and Carbon Summary Highlights from ExxonMobils Energy & Carbon Summary Considering 2C scenarios These nationally determined contributions (NDCs)(3) When considering the aim to achieve a 2C future, it…
Highlights from ExxonMobils Energy & Carbon Summary Imperial Oil Limited Energy and Carbon Summary 7 It is generally accepted that the population and world According to the International Energy Agency (IEA), setting to the 2018…
8 Imperial Oil Limited Energy and Carbon Summary Highlights from ExxonMobils Energy & Carbon Summary Differences in these scenarios help put in perspective Natural gas demand is expected on average to increase Natural gas demand…
Highlights from ExxonMobils Energy & Carbon Summary Imperial Oil Limited Energy and Carbon Summary 9 Signposts for the evolving energy landscape Up close: Indicators for a 2C pathway Changes in the relative cost of new technology…
10 Imperial Oil Limited Energy and Carbon Summary Strategy Potential upstream asset impacts considering 2C scenarios Over the coming decades, oil and natural gas will continue to play a critical role in meeting the worlds…
Strategy Imperial Oil Limited Energy and Carbon Summary 11 Positioning for a lower-carbon energy future Canada can be a responsible long-term energy provider. The potential of technology, ingenuity and innovation should not be…
12 Imperial Oil Limited Energy and Carbon Summary Strategy Collaboration Mitigating emissions in our operations For North American trucking applications, Imperial has launched Synergy Diesel Efficient, which improves In addition…
Metrics and targets Imperial Oil Limited Energy and Carbon Summary 13 Imperial oil sands GHG intensity reduction Building on a long-standing commitment to improve could reduce both GHG emissions intensity and Step-change in situ…
14 Imperial Oil Limited 2019 Energy and Carbon Summary Strategy Leveraging global research Through our relationship with ExxonMobil, we have access to industry-leading technologies, insights and expertise. Imperial could leverage…
Strategy Imperial Oil Limited 2019 Energy and Carbon Summary 15 Engaging in climate policy Imperial has the same concerns as people everywhere to provide the world with needed energy while reducing Integration and…
16 Imperial Oil Limited Energy and Carbon Summary Metrics and targets Greenhouse gas (GHG) performance data 2013 2014 2015 2016 2017 GHG emissions (1), (2) Direct GHG emissions including Cogen Downstream & Chemical (million…
Metrics and targets Imperial Oil Limited Energy and Carbon Summary 17 2013 2014 2015 2016 2017 GHG emissions (4) Downstream & Chemical (million metric tonnes of COe) 5.0 5.4 5.2 5.2 5.1 Upstream (million metric tonnes of COe)…
18 Imperial Oil Limited Energy and Carbon Summary Metrics and targets A CLOSER LOOK Cogeneration in Alberta In 2017, cogeneration at our Alberta facilities has enabled Cogeneration is an energy-efficient process that avoidance(32)…
Metrics and targets Imperial Oil Limited Energy and Carbon Summary 19 A CLOSER LOOK Collaboration to reduce GHG emissions Kearl boiler flue gas heat recovery This project emerges from ongoing collaboration The projects primary…
20 Imperial Oil Limited Energy and Carbon Summary Governance Climate risk oversight Imperials Board of Directors is responsible for identifying principal risks, including climate- related risks and for overseeing implementation of…
Governance Imperial Oil Limited Energy and Carbon Summary 21 Executive compensation: the executive resources committee The executive resources committee ensures the compensation system is inherently designed to support the…
22 Imperial Oil Limited Energy and Carbon Summary Risk management Operations Integrity Managing System (OIMS) The OIMS framework includes 11 elements. Each element has an underlying principle and set of expectations. Managers and…
Risk management Imperial Oil Limited Energy and Carbon Summary 23 Investment planning considering future climaterelated policies Nationally determined contributions (NDCs) provide important signals on government The company…
24 Imperial Oil Limited Energy and Carbon Summary Risk management Facility resiliency Imperial has operated many facilities in Canada, over many to all Canadian operations. In addition to design based on purpose and risks. For…
Disclosures/footnotes (1)Exxon Mobil Corporation, 2018 Outlook for Energy: A View to 2040 ExxonMobil used an average of all 13 scenarios to approximate growth rates (30)Energy intensity and total operating cost as defined in the Solomon…
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canadas energy resources. As Canadas largest petroleum refiner, a major producer of crude oil, a key…
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