It plans to reduce Scope 1 and 2 emissions intensity through implementation of newer technologies at its Cold Lake operation in Alberta, efficiency improvements at its facilities and the use of carbon capture and storage.

The Calgary-based energy company also reaffirmed its goal to achieve net zero Scope 1 and 2 GHG emissions in its oil sands operations by 2050.

Scope 1 refers to emissions from a company's direct operations such as a diesel generator on an offshore platform, while Scope 2 are emissions from the power a company uses, such as gas-powered electricity purchased.

Imperial, which is majority-owned by Exxon Mobil, is part of Canadian oil sands producers alliance formed last year to achieve net-zero greenhouse gas emissions from their operations by 2050, as the cash-rich f
irms come under pressure to meet the country's goal on energy transition. https://reut.rs/3GqoBqa

Exxon on Tuesday also pledged to cut to zero its net carbon emissions from its global operations by 2050, a step in the direction of rivals minimizing their carbon footprints.

(Reporting by Arunima Kumar in Bengaluru; Editing by Shailesh Kuber)