• FLO plans to expand its electric vehicle charging network in Canada
• Includes opportunity for Esso- and Mobil-branded gas stations to offer FLO charging services
Calgary, Alberta – October 20, 2022 – FLO, a leading North American electric vehicle charging network, and Imperial (TSE: IMO, NYSE American: IMO) announced a unique collaboration that will support Canada’s net zero greenhouse gas (GHG) emissions goals by expanding FLO charging network for electric vehicles.
“Our collaboration with Imperial is noteworthy—involving two major players in Canada’s energy sector in support of furthering Canada’s goal of net-zero carbon emissions by 2050,” said Louis Tremblay, president and CEO of FLO. “Importantly, the agreement will generate financial benefits that will allow FLO to expand its EV charging station deployments, propelling our goal of transforming Canada’s mobility future. We’re thrilled with this agreement, and eager to bring Canadians more reliable EV charging solutions nationwide.”
“Canada has clearly defined policies that support lower-emissions solutions and deployment of new technologies,” said Jon Wetmore, Imperial’s vice president of downstream. “Our collaboration with FLO will complement other Imperial GHG emission-reduction efforts, including plans to produce and supply lower-emission fuels, next-generation resource recovery technologies and carbon capture.”
Key components of the collaboration include jointly developing a charging service option for Imperial’s Esso- and Mobil-branded wholesalers, and an agreement to transfer credits under federal Clean Fuel Regulations.
For further information:
FLO is a leading North American electric vehicle (EV) charging network operator and a smart charging solutions provider. We fight climate change by accelerating EV adoption through a vertically integrated business model and delivering EV drivers the most dependable charging experience from curbside to countryside. Every month, we enable more than 900,000 charging events thanks to over 70,000 fast and level 2 EV charging stations deployed at public, private and residential locations. FLO operates across North America and our high-quality charging stations are assembled with care in Michigan and Quebec. To learn more about what “EV charging done right” means to us, visit flo.com.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Statements of future events or conditions in this report, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements can be identified by words such as propose, plan, project, estimate, expect, may, should, will and similar references to future periods. Forward-looking statements in this report include, but are not limited to, references to the ability to expand EV charging station deployments and the transfer of credits; any financial benefits resulting from the collaboration; the impact on Canada’s net zero GHG emissions goals; and complementing other Imperial GHG emission-reduction efforts, including plans for lower-emission fuels, next-generation resource recovery technologies and carbon capture.
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