We believe that technology will play a big role in managing the future of oil sands development. We are fully committed to advancing technology that will increase recovery efficiency and minimize environmental impacts. Investing in new technologies to make the extraction and processing states more efficient is just one of the ways we work contribute to the sustainable development of the oil sands.

In 2007 ConocoPhillips committed to spend more than $300 million on heavy oil technology over the period 2008 through 2012. This money will be used to fund research related to heavy oil, including technologies focused on reducing the environmental impacts of the oil sands.