“Climate change is real – one of the most pressing challenges of our time – and we all have a shared responsibility to find solutions. Failing to act is not an option. Canada has the energy the world needs. Our challenge is to continually improve our performance, inspire others to do so and move our products to new customers in new markets in the years ahead. For a company like Suncor, that means our oil must be globally competitive on cost and carbon.” 278 “We are engaged with all levels of government to establish a credible carbon policy regulatory framework for the oil and gas sector in Canada. Our position is that Canada’s oil sands are a world-class responsibly developed resource that is needed to meet growing global energy demand. We are a strong voice in the call for effective policy to address the Canadian oil and gas industry’s GHG emissions. In our view, this includes a carbon price signal that incents the right behaviour and a practical regulatory architecture.”279 “There is general consensus that limiting the impact of climate change requires the global average increase in temperature remain below 2°C, relative to pre-industrial levels. Suncor supports the approach outlined in the Paris Agreement to help address the challenge of climate change. It is intended to motivate countries to demonstrate climate leadership through their national commitments and we will continue to support that leadership in the countries where we operate. To achieve this objective, there must be significant advances in technology, a shift in consumer choice and the development of new energy systems, all of which take time.”280 Statements on Human Rights “Suncor has a corporate responsibility to respect human rights and to ensure that we are not complicit in human rights abuses. We seek to avoid infringing on the rights of others and strive to remedy harms that occur as a result of our activities. Our responsibility to respect human rights applies to all of our activities and to our business relationships with others. Our commitment to respecting human rights is based on the Universal Declaration of Human Rights and is informed by the international law and standards that have developed in the ensuing six decades, including: • The Ten Principles of the UN Global Compact and the Guidance on Responsible Business in Conflict-Affected and High-Risk Areas • Guiding Principles on Business and Human Rights: Implementing the UN ‘Protect, Respect, and Remedy’ Framework.”281 Suncor Energy Inc., Sustainability Report 2018, p. 5, available at https://sustainability.suncor.com/en (last accessed on 12 September 2019). 279 Id., p. 27. 280 Id. 281 Suncor Energy Inc., Human Rights Policy Statement, p. 1, available at https://sustainability.suncor.com/en/downloads (last accessed on 12 September 2019). 278 Annex D: Corporate Statements on Climate Change and Human Rights | 73

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