Baytex Energy
Baytex Energy Corp., commonly referred to as Baytex, is a prominent Canadian oil and gas company headquartered in Calgary, Alberta. Founded in 1993, Baytex has established itself as a key player in the energy sector, primarily focusing on the exploration, development, and production of oil and natural gas. The company operates mainly in the Western Canadian Sedimentary Basin and the Eagle Ford formation in Texas, showcasing its diverse operational footprint. Baytex is recognised for its commitment to sustainable practices and efficient resource management, offering a range of high-quality crude oil and natural gas products. With a strong emphasis on innovation and operational excellence, Baytex has achieved significant milestones, including strategic acquisitions that have bolstered its market position. As a result, the company continues to be a notable entity in the North American energy landscape, dedicated to delivering value to its stakeholders while prioritising environmental stewardship.
DitchCarbon Score
How does Baytex 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 Crude Oil Extraction 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
Baytex Energy's score of 8 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Baytex Energy's reported carbon emissions
In 2022, Baytex Energy, headquartered in Canada, reported total carbon emissions of approximately 1,091,030,000 kg CO2e, comprising 1,001,008,000 kg CO2e from Scope 1 emissions and 90,022,000 kg CO2e from Scope 2 emissions. The company's GHG emissions intensity for this year was about 0.046 kg CO2e per barrel of oil equivalent (boe). For 2021, Baytex's emissions were approximately 1,173,677,000 kg CO2e for Scope 1 and 95,395,000 kg CO2e for Scope 2, indicating a slight increase in emissions intensity to about 0.057 kg CO2e per boe. In 2020, the company reported 1,277,869,000 kg CO2e for Scope 1 and 89,642,000 kg CO2e for Scope 2, with an emissions intensity of approximately 0.064 kg CO2e per boe. Baytex Energy has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not currently report Scope 3 emissions, which encompass indirect emissions from the value chain. Overall, while Baytex Energy has made strides in reporting its emissions, it lacks formal reduction targets or commitments to align with industry standards such as the Science Based Targets initiative (SBTi).
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| 2010 | 2011 | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 179,080,000 | 000,000,000 | 00,000,000 | - | - | - | - | 000,000,000 | 000,000,000 | 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.
Baytex Energy 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.
