Cenovus has stated that decarbonization is now a part of its business plan. As such, the company is embracing its target for net zero emissions by 2050. To this end, in 2022, greenhouse gas emissions were 8% lower than 2019 levels. By 2035, the company is targeting greenhouse gas emissions to be 35% lower. Investments into carbon capture and emissions reduction technologies will move Cenovus closer to its goals.