We are taking steps to reduce GHG emissions across every part of our business, with the goal of being fully net-zero by 2050.
About 96% of the power our operations use today comes from renewable, zero-carbon sources, and we are continuing to improve. We are committed to achieving net-zero Scope 2 (purchased electricity) emissions by 2025, and we have already taken substantial actions towards this goal by securing 50% of our future power needs at our QB2 copper project from clean power and 100% of our electricity supply for our Carmen de Andacollo operation from renewables.
Fuel use in our mobile equipment is the largest source of scope 1 GHG emissions at Teck. We are working towards electrification of our mobile fleets to reduce emissions from diesel use, including in our large haul trucks and other mobile equipment.
A major step forward in this work is a partnership with Caterpillar to work towards deployment of one of Canada’s first zero-emission haul truck fleets at our steelmaking coal operations.
In addition, we are deploying other electric mobile equipment, including electric crew buses and a project with MEDATech to pilot a fully-electric, on-highway transport truck at our Highland Valley Copper Operations, the first use of a battery-electric truck to haul copper concentrate worldwide.
We are taking action to reduce GHG emissions within our value chain – called scope 3 emissions – including the transportation and end use of our products, particularly steelmaking coal. We are engaging with our steelmaking coal customers to inform the roadmap for steelmaking decarbonization and assess opportunities for partnerships on technologies such as Carbon Capture, Utilization and Storage (CCUS).
We are also engaged with our shipping and logistics partners to evaluate how we can work together to reduce emissions. In 2021, we took our first step by partnering with Oldendorff Carriers to achieve 30-40% emissions reductions via efficient bulk carriers. This is anticipated to reduce emissions by 45,000 tonnes of CO2 annually, the equivalent of removing nearly 10,000 passenger vehicles from the road.
The blast furnace and CCUS technique is the only commercially ready technology capable of decarbonizing the steelmaking industry at the rate and scale required by 2050 to limit global temperature increases to 1.5°C.
Already a proven technology, CCUS is well positioned for large-scale adoption and has the potential to reduce up to 80% of emissions at existing integrated steelmaking facilities. Blast furnace and CCUS is the most cost competitive and commercially viable solution for large-scale decarbonization because it makes use of the over US$1 trillion of newer installed blast furnaces.
Proven technology in hard-to-abate industries
CCUS operates in power generation, refining, petrochemicals, agrichemicals and the steel/iron industry
Blast Furnace + CCUS is commercially viable
Leverages >US$1 trillion of newer installed blast furnace fleet
Ample global CCUS storage capacity of ~5 trillion tonnes CO2
Fastest path to large-scale decarbonization
>72% of global steel is produced through the blast furnace route
Capable of decarbonizing the steelmaking industry at the rate and scale required by 2050
Accelerators to adoption
Large-scale hub and cluster transportation and storage infrastructure will support economies of scale
Teck Resources Limited
Suite 3300, Bentall 5
550 Burrard Street
Vancouver, B.C.
Canada V6C 0B3
t: 604.699.4000
f: 604.699.4750
