Advantage Energy
Advantage Energy, also known as Advantage Oil & Gas Ltd., is a prominent player in the energy sector, headquartered in Calgary, Alberta, Canada. Founded in 2001, the company has established itself as a leader in the exploration and production of natural gas and oil, primarily operating in the Montney formation, a key region for hydrocarbon extraction. With a focus on sustainable energy solutions, Advantage Energy offers a range of services, including natural gas production and innovative energy technologies. Their commitment to efficiency and environmental stewardship sets them apart in a competitive market. The company has achieved significant milestones, including strategic acquisitions and expansions that have bolstered its market position. Recognised for its operational excellence, Advantage Energy continues to drive advancements in the energy industry while prioritising responsible resource management.
DitchCarbon Score
How does Advantage Energy'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 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
Advantage Energy's score of 12 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Advantage Energy's reported carbon emissions
In 2022, Advantage Energy reported total carbon emissions of approximately 330,474,000 kg CO2e, comprising about 327,349,000 kg CO2e from Scope 1 emissions and approximately 3,125,000 kg CO2e from Scope 2 emissions. This marked an increase from 2021, where total emissions were about 310,645,000 kg CO2e, with Scope 1 emissions at approximately 307,501,000 kg CO2e and Scope 2 emissions at around 3,144,000 kg CO2e. In 2020, the company recorded total emissions of about 269,914,000 kg CO2e, with Scope 1 emissions at approximately 267,611,000 kg CO2e and Scope 2 emissions at around 2,303,000 kg CO2e. The trend indicates a rise in emissions over the years, with 2019 emissions reported at approximately 242,317,000 kg CO2e. Despite the increasing emissions, Advantage Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within the mineral fuels and oils sector, which is known for its significant carbon footprint, highlighting the importance of effective climate strategies in this industry.
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Add to project| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 242,040,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 277,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| 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.
Advantage Energy is committed to some reduction initiatives 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.
