The first corporation to develop Canada’s oil sands in the 1960s, Suncor Energy continues to hold a dominant position as Canada’s largest energy company, and the world’s largest bitumen producer. Based in Calgary, Alberta, Suncor has operations that span the oil and gas commodity chain, specializing in conventional and in situ oil sands production in the Athabasca region.

This report evaluates what the Paris Agreement on climate change means for the “Big Five” oil sands producers—Canadian Natural Resources Limited (CNRL), Suncor Energy, Cenovus Energy, Imperial Oil, and Husky Energy—by estimating the social cost of carbon (SCC) of the oil and gas reserves of these firms and by assessing the emissions-reduction disclosures and targets, …