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.
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
Canacol Energy's score of 20 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Canacol Energy's reported carbon emissions
In 2023, Canacol Energy reported total carbon emissions of approximately 94,470,000 kg CO2e, comprising 89,470,000 kg CO2e from Scope 1 and 28,500 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, amounting to about 3,872,237,900 kg CO2e. Over the years, Canacol's emissions have varied, with total emissions recorded at approximately 21,069,000 kg CO2e in 2017, increasing to about 27,001,000 kg CO2e in 2019, and then to approximately 24,103,000 kg CO2e in 2020. The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future focus in its sustainability strategy. Canacol Energy's emissions intensity has been reported, with a GHG emissions intensity of approximately 9,580 kg CO2e per barrel of oil equivalent (BOE) in 2023. The company continues to disclose its emissions across Scopes 1, 2, and 3, reflecting its commitment to transparency in environmental reporting.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Canacol Energy is not committed to any 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.
