Imperial Oil Limited

InfluenceMap Score
E
Performance Band
31%
Organisation Score
29%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Energy
Head​quarters:
Calgary, Canada
Brands and Associated Companies
Exxon

Climate Lobbying Overview: Imperial Oil communicates mixed top-line positions on climate change. It appears to support the Paris Agreement but at the same time stated support for an extended role of oil and gas in the future energy mix. While stating support for climate and energy regulation, the company emphasized considerations for economic impact and viability in policymaking. In terms of specific climate regulations, Imperial Oil appears to have limited disclosure of its activities and positions on policy issues in the last couple of years, but appears to be broadly not supporting progressive policy.

Top-line Messaging on Climate Policy: Overall, Imperial Oil has communicated a mixed position on climate policy. As of February 2021, in its Energy and Carbon Summary, the company has stated support for the Paris Agreement as an important framework for addressing the risks of climate change. However, while making reference to the Paris Agreement and the 2 °C target in the Summary, Imperial Oil does not provide a clear statement of its position on the science of climate change. Moreover, while on paper it supported the 2 °C target, in its corporate reporting in 2021, the company put heavy qualifications on the need for climate policy by emphasizing its social and economic costs and stated support for market-based solutions in addition to policy.

Engagement with Climate-related Regulations: Regarding engagement with specific climate regulations, there is limited transparency on the positions of Imperial Oil in the last few years. In its latest sustainability report published in 2018, the company disclosed that it engages with policymakers on climate change but provided no further details of specific policies it sought to influence. Additionally, Imperial Oil has declined to respond to the CDP Climate Change survey since 2018. Rich Kruger, President of Imperial Oil, in a public speech reported by Radio-Canada in 2018, opposed the clean fuel standard put forward by the Canadian government. In its corporate reporting in 2018, the company endorsed “revenue-neutral” carbon tax over policies on cap-and-trade and emissions standards, providing no further clarification on what this entails. Back in 2016, Kruger has commented negatively on the carbon tax policy included in Alberta’s new climate strategy on the basis that the policy would impede the function of market. InfluenceMap has not been able to identify evidence on Imperial Oil’s engagement with climate regulations in more recent times.

Positioning on Energy Transition: In terms of energy transition, Imperial Oil appears to support a continued role for oil and gas in the future energy mix. In its most recent Energy and Carbon Summary, accessed in Feb 2021, Imperial Oil advocated further production of oil sands in Canada and anticipated a growing demand of energy globally in which fossil fuel sources will remain an important component. The company has also stated support for more investments in oil and gas in the years leading up to 2040 in its 10K Annual Report published in 2019.

Industry Association Governance: Imperial Oil has very limited disclosure on its activities in industry associations. In its Sustainability Report published in 2018, the company disclosed that it collaborates with industry and business associations to engage with governments and climate policies. However, the report only disclosed the company’s membership in associations where annual fees exceeded $25K, i.e., the Canadian Association of Petroleum Producers (CAPP), the Canadian Fuels Association, and the Canadian Chamber of Commerce. The disclosure does not provide further details on the role of the company in the associations and how it sought to influence the policy stance of the associations. The CAPP has lobbied against climate change policy in favor of preserving the Canadian oil and gas sector’s global competitiveness. Additionally, Imperial Oil has not answered CDP Climate Change survey since 2018.

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Communication of Climate Science
0 NS NA NS NS NS NS NA
Alignment with IPCC on Climate Action
-1 NS NA NS NS NS NS NA
Supporting the Need for Regulations
0 NS NA -1 NA -1 0 NA
Support of UN Climate Process
0 NS NA NS NS NS NS NA
Transparency on Legislation
-1 NA -2 NA NA NA NA NA
Carbon Tax
0 NS 0 1 NS -2 NS NA
Emissions Trading
NS NS NS -1 NS NS NS NA
Energy and Resource Efficiency
NS NS NS NS NS NS NS NA
Renewable Energy
NS NS NS NS NS 0 NS NA
Energy Transition & Zero Carbon Technologies
-1 NS NS NS -1 -1 -1 NA
GHG Emission Regulation
-1 0 NS -1 -1 -2 NS NA
Disclosure on Relationships
0 NS -2 NA NA NA NA NA
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
29%
 
29%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.