Tamarack Valley Energy Ltd (TVE)
Tamarack Valley Energy Ltd (TVE), headquartered in Calgary, Canada, is a prominent player in the oil and gas industry, focusing on the exploration and production of oil and natural gas. Founded in 2009, the company has established a strong operational presence in key regions across Alberta and Saskatchewan, leveraging advanced technologies to enhance resource recovery. TVE is recognised for its commitment to sustainable practices and efficient resource management, offering a diverse portfolio of high-quality crude oil and natural gas products. The company’s strategic approach has positioned it favourably within the market, achieving significant milestones in production growth and operational efficiency. With a focus on innovation and environmental stewardship, Tamarack Valley Energy continues to solidify its reputation as a leader in the energy sector.
DitchCarbon Score
How does Tamarack Valley Energy Ltd (TVE)'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Tamarack Valley Energy Ltd (TVE)'s score of 13 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tamarack Valley Energy Ltd (TVE)'s reported carbon emissions
In 2022, Tamarack Valley Energy Ltd (TVE) reported total carbon emissions of approximately 499,152,000 kg CO2e from Scope 1 sources, which includes direct emissions from operations, and about 35,128,000 kg CO2e from Scope 2 sources, which cover indirect emissions from purchased electricity. The combined total for Scope 1 and Scope 2 emissions reached approximately 534,280,000 kg CO2e. TVE has set ambitious climate commitments, aiming for net-zero emissions by 2050, with a focus on reducing total greenhouse gas emissions intensity from oil and petroleum product production by 30% by 2030, using a 2014 baseline. This commitment reflects a long-term strategy to mitigate climate impact and aligns with industry standards for sustainability. Over the past few years, TVE's emissions have shown fluctuations, with 2021 emissions recorded at approximately 320,536,000 kg CO2e for Scope 1 and about 34,702,000 kg CO2e for Scope 2, resulting in a total of approximately 355,238,000 kg CO2e. In 2020, the company reported approximately 274,173,000 kg CO2e from Scope 1 and about 27,562,000 kg CO2e from Scope 2, culminating in a total of approximately 301,736,000 kg CO2e. TVE's commitment to reducing emissions and its long-term net-zero target demonstrate a proactive approach to addressing climate change, positioning the company as a responsible player in the energy sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 279,468,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 17,619,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tamarack Valley Energy Ltd (TVE) is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
