Cariboo is a private entity incorporated in the province of British Columbia. The key motivation of the company is to profitably produce low carbon fuels to reduce Green House Gas (GHG) emissions, with a Vision of “Going Beyond Net Zero”.
The Projects, through the application of proven technology, have an in-service target of net zero GHG emissions. Emissions omitted during the process are collected, re-injected into the process feed stream and processed to produce low carbon petroleum products. Additional technologies and partners are presently being evaluated that would further reduce GHG emissions, create new carbon sink initiatives and support Cariboo’s Vision in reducing carbon emissions and the effects of climate change while creating CleanTech Industrial Innovation Centres.
The Mission of Cariboo is “Driving Excellence in Environmental, Social and Governance (ESG) initiatives”. The Projects represent a multi-billion dollar green investment and are expected to generate significant economic benefits in British Columbia and Saskatchewan. These benefits include creating jobs, both during construction and operations, as well as tax generation at the municipal, provincial and federal levels. Cariboo will create strong relationships with local and indigenous communities in the Project areas with a goal of developing mutually beneficial partnership[s] throughout the construction phase and operating life of the Projects.