Our Energy Business
Teck is building a new energy business unit by advancing oil sands projects in the Athabasca region of northeastern Alberta,
and looking for opportunities to develop renewable electricity, such as our partnership in the Wintering Hills Wind Power Facility in Alberta.
Our Energy Projects
Our energy assets include a 20% interest in the Fort Hills oil sands project currently under construction with production expected to start as early as the fourth quarter of 2017. Additionally, we hold a 100% interest in the Frontier oil sands project, as well as a 50% interest in the Lease 421 Area.
Teck also has a 49% interest in Wintering Hills Wind Power Facility, located near Drumheller, Alberta. Wintering Hills represents Teck's first investment in wind energy, and went into full operation in November 2011.
Our Energy Product
As the world’s population continues to grow and become more urbanized,
the need for energy increases. Conventional sources are declining,
making it more important than ever to focus on improving technology
for the sustainable extraction of energy and on increasing the development
of renewable power sources. We all rely on energy—to keep the lights on,
to get to work, or to heat or cool our homes. Teck is focused on the
sustainable development of new sources of energy to meet global demand.
Teck is a founding member of Canada’s Oil Sands Innovation Alliance (COSIA),
which is sharing research among companies to improve environmental performance in the oil sands.
As populations around the globe — particularly in developing nations —
grow and become increasingly urbanized, the demand for energy is increasing.
The International Energy Agency predicts that world energy consumption will grow
by one-third by 2035. Meeting this growing demand will require a continued focus
on developing new and sustainable sources of energy.
Our Commitment to Sustainability
Read more about Teck's approach to sustainability by visiting www.tecksustainability.com or read the stories below.