Public Profile

Canacol Energy

Canacol Energy Ltd., a prominent player in the oil and gas industry, is headquartered in Calgary, Alberta (CA). Founded in 2008, the company has established a strong presence in Colombia, focusing on the exploration and production of natural gas. Canacol is renowned for its commitment to sustainable energy practices, offering unique services that prioritise environmental responsibility while meeting the growing energy demands. With a diverse portfolio of assets, Canacol Energy has achieved significant milestones, including the development of key gas fields that contribute to Colombia's energy supply. The company’s strategic approach and innovative technologies have positioned it as a leader in the Colombian market, recognised for its operational excellence and strong financial performance. As Canacol continues to expand its footprint, it remains dedicated to delivering reliable energy solutions while fostering sustainable development in the regions it operates.

DitchCarbon Score

How does Canacol 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.

20

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.

14

Industry Benchmark

Canacol Energy's score of 20 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

71%

Let us know if this data was useful to you

Canacol Energy's reported carbon emissions

In 2023, Canacol Energy reported total carbon emissions of approximately 4,000,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 3,872,237,900 kg CO2e. Scope 1 emissions were approximately 89,470,000 kg CO2e, while Scope 2 emissions totalled about 28,500 kg CO2e. The company has disclosed emissions data across all three scopes, highlighting its commitment to transparency in its climate impact. Canacol Energy has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future development. The absence of documented reduction targets suggests that while the company is actively measuring its emissions, it may need to establish clearer strategies for reducing its carbon footprint in line with industry standards. Overall, Canacol Energy's emissions profile reflects the challenges faced by companies in the mineral fuels sector, particularly regarding the substantial impact of Scope 3 emissions, which often dominate the total emissions figures.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2017201820192020202120222023
Scope 1
21,069,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
43,000
00,000
00,000
00,000
00,000
00,000
00,000
Scope 3
-
-
-
-
-
-
0,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Canacol Energy's primary industry is Gas/Diesel Oil, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Canacol Energy is in CA, which has a low grid carbon intensity relative to other regions.

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.

Canacol 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Similar Organizations

Sound Energy plc

GB
Crude petroleum and services related to crude oil extraction, excluding surveying
Updated 2 days ago

Frontera Energy

CA
Non-specified Petroleum Products
Updated 2 days ago

Phoenix Global Resources plc

GB
Crude petroleum and services related to crude oil extraction, excluding surveying
Updated 2 days ago

Tullow Oil

GB
Chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c.
Updated 2 days ago

Capricorn Energy

GB
Gas/Diesel Oil
Updated 2 days ago

Gran Tierra Energy

CA
Electricity nec
Updated 2 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers