I will slow down, sorry.
We provide a substantial amount of funding for community-level programs. This includes important local community initiatives and training.
With regard to oil sands technology, we're planning to spend over $300 million over the next five years to advance heavy oil technology for our worldwide operations. A significant portion of this will be spent in the oil sands to improve environmental and economic performance of our projects.
Our technology development is focused on managing greenhouse gas emissions, reducing water use, and minimizing land disturbances. I could cite several examples, and would be happy to do so, but in general, each concept is either focused on reducing the steam-oil ratio, improving recovery, lowering our greenhouse gas emissions, or reducing the size of our oil sands footprint. Improving our environmental performance has a dual benefit in that less water, energy, or land almost always improves economic performance.
Our technology program is exciting, but we're also doing other work to reduce our impact through pioneering best practices. Faster forests is one example. We have planted 130,000 trees so far in this program for reclamation and will be expanding that effort. We have a comprehensive sustainable development portal on the web, and that has many more details about our programs. I invite you to visit it.
In addition to industry's role in the oil sands development, it is obvious that government plays a significant part in securing and delivering the value of these resources. Specifically, we believe governments should support the continuation of a world-class and cost-effective regulatory system and the establishment of fair policies for industry that encourage responsible and economically viable oil sands development.
One of the key attributes of the Canadian regulatory process is its transparency. We believe government policy must ensure access to markets and fair international competition for bitumen. We encourage maintaining competitive fiscal regimes that enable companies like mine to compete for capital within our global portfolios. We believe governments have responsibilities to develop coordinated climate and energy policies that promote energy efficiency. We're open to discussions about how governments can best support and facilitate technological developments.
In closing, ConocoPhillips believes oil sands developments will enhance Canada's economic energy security. Development of these assets can be achieved in a manner that powers our national economy, preserves and creates jobs, and ensures quality of life for Canadians. We're proud to be part of this exciting future. I'm honoured to be with you today and would be pleased to answer any questions you may ask.