is estimated to reduce greenhouse
gas emissions intensity and water
use intensity by up to 25 percent,
compared with traditional steam-
assisted technology. Imperial antici-
pates that Aspen’s emissions intensity
will be one of the lowest among in situ
oil sands operations across the indus-
try.
“We do not take investment decisions
lightly, particularly in these challeng-
ing times,” said Rich Kruger, Impe-
rial chairman, president and chief
executive officer. “This is the right
technology at the right time to make
a competitive investment. We have
made the decision to proceed now
because we believe this advanced
technology will further the evolution
of Imperial’s oil sands business.”
Imperial consulted with seven local
Indigenous communities during the
regulatory application process to
reach collaborative and unique rela-
tionship agreements that provide
mutual benefits and support long
term sustainable development of
these communities. The agreements
establish a framework to ensure
information-sharing and community
engagement with regard to environ-
mental stewardship. They also provide
economic benefits, workforce oppor-
tunities, strategic business develop-
18 BUSINESS ELITE CANADA | JANUARY 2019
