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Image source: Getty Images. The formation of the Pathways Alliance in June 2022 indicates the desire of oil sands producers to help solve the climate change challenge. Canada Natural Resources, Suncor Energy, ConocoPhilips Canada, Imperial Oil ( TSX:IMO ), Cenovus Energy ( TSX:CVE ), and MEG Energy ( TSX:MEG ) are the six-member companies of the new organization. This impressive cast operates roughly 95% of oil sands production in Canada. Each member commits to advance responsible oil sands development and reduce greenhouse gases (GHGs) by 22 million tonnes annually by 2030. But the alliance’s ultimate goal is to achieve net-zero emissions from oil sands production by 2050. Imperial Oil, Cenovus Energy, or MEG Energy are ideal investments if you support a low-carbon future. All three have record profits this year and rewarded investors with gains of 65% or more thus far in 2022. Growing dividends Imperial Oil is a dividend aristocrat owing to 27 consecutive years of dividend increases. The latest increase in quarterly dividends was 29%. Its Chairman, President, and CEO, Brad Corson said, “Paying a reliable and growing dividend and returning surplus cash to shareholders remain key priorities for us.” In Q3 2022, net income and cash […]
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