Galore Creek mine project in northwestern B.C. (Teck Resources photo)

Vancouver-based Teck Resources aims to be ‘carbon neutral’ by 2050

Firm behind Frontier oilsands mine in Alberta says it will avoid emissions production where possible

The Vancouver-based mining company proposing to build the massive Frontier oilsands mine in northeastern Alberta has set a target to be “carbon neutral” by 2050.

Teck Resources Ltd., which is awaiting a decision from the federal government on Frontier expected this month, says it will try to achieve its goal by first avoiding the production of emissions and then by minimizing or eliminating what it does produce.

It says it will look at alternative ways of moving materials at its mines, using cleaner power sources and implementing efficiency measures, while producing more metals including copper for electric vehicles and renewable power generation.

“Setting the objective to be carbon neutral by 2050 is an important step forward in our commitment to reducing emissions and taking action on climate change,” Teck CEO Don Lindsay said Monday in a news release.

“Climate change is a global challenge that our company and our industry need to contribute to solving.”

Lindsay wasn’t available for an interview.

At an investment conference last week in Banff, Lindsay said winning federal approval for the Frontier project doesn’t necessarily mean it will be built — the company will also need adequate pipeline access, the right commodity prices and a partner to share costs before proceeding.

He defended Teck’s environmental record at the event, noting money manager BlackRock Inc. is one of its top investors and it has the support of CEO Larry Fink, who wrote recently that “climate change has become a defining factor in companies’ long-term prospects.”

“We have carbon, no question about it. We have coal and we have oil,” Lindsay said in Banff.

“But the distinction is we have the good coal, not the bad coal. I talked to Larry Fink last week and BlackRock has made their announcements, but it’s about thermal coal. We have 99 per cent high-quality hard coking coal, steelmaking coal … that institution is one of our top five shareholders and they still are and they won’t be selling.”

Teck separately announced Monday it and its partners have signed a long-term power purchase agreement for their new copper mining project in Chile, which will result in about half of its operating needs being satisfied by renewable energy sources.

Teck’s ownership of 21.3 per cent of the Fort Hills oilsands mining project operated by Suncor Energy Inc., and its pursuit of the Frontier project makes its pledge hollow, said Greenpeace Canada campaigner Keith Stewart on Monday.

“If Teck is serious about this commitment, then they need to get out of the oil business,” he said in an email.

“You can’t promise to stop using internal combustion engines in your own operation as part of being zero-emissions, and then go out and invest $20 billion to build a new 260,000 barrels per day oilsands mine to put gas and diesel in other people’s vehicles for the next half-century.”

The Frontier mine north of Fort McMurray, Alta., is expected to produce about four million tonnes of greenhouse gas emissions per year for more than 40 years.

READ MORE: B.C. and Alberta Indigenous leaders protest major Teck oilsands project

Dan Healing, The Canadian Press

Like us on Facebook and follow us on Twitter

mining

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Surrey reduces cab business licence fees to match ride-hailing industry

Meantime, Surrey Board of Trade petition asks government to remove ‘archaic’ taxi boundaries

PHOTOS: Sold-out Surrey party raises $1.35M in ‘Celebration of Care’ at hospital

Hollywood-style event attracted close to 700 people to Aria Convention Centre

Streaking Surrey Eagles forward Tellier named to BCHL all-star team

The Quebec native scored 71 points this season

PHOTOS: Cloverdale’s Coldest Night of the Year charity walk raises $125K

Annual event sees more than 500 walkers take part

Ralph Robson honoured at Jim Gallagher Memorial Boxing event at Cloverdale Legion

Fight night drew crowd of 300, raised approx. $6,000 for amateur boxers

VIDEO: Feds warned agricultural sector near ‘tipping point’ due to blockades

Canadian Federation of Agriculture points to lack of propane and feed due to Coastal GasLink dispute

High-risk sex offender, who triggered protests in Fraser Valley, back in court

Chilliwack residents wanted James Conway gone from residential neighbourhood two years ago

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

UPDATE: 14 arrested at blocked rail line in northern B.C., police say

But a Gitxsan hereditary chief says 14 were arrested, as fight over natural gas pipeline continues

Hospital parking fees needed, but changes to payment system possible, health minister says

B.C. health minister Adrian Dix says hospital parking doesn’t need to be so stressful

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

Murder suspect arrested after allegedly throwing rocks at cars near Golden Ears Bridge

Ridge Meadows RCMP arrest man with Canada-wide warrant for murder charge out of Edmonton

IHOP to host seventh annual National Pancake Day

IHOP will be offering free short-stack pancakes in support of BC Children’s Hospital on Tuesday

Most Read

l -->