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Cenovus Energy Inc., commonly referred to as Cenovus, is a prominent Canadian energy company headquartered in Calgary, Alberta. Specialising in the gas and diesel oil sector, Cenovus operates across key regions in Canada, focusing on the exploration, production, and refining of hydrocarbons. Since its founding in 2009, the company has established a strong market presence through strategic acquisitions and innovative extraction techniques.
Cenovus is recognised for its integrated approach to oil sands development and conventional oil production, delivering reliable energy products to meet global demand. Its core offerings include crude oil, natural gas, and refined fuels, distinguished by a commitment to operational efficiency and environmental responsibility. As a leading player in Canada's energy industry, Cenovus continues to advance its position through sustainable practices and technological innovation.
+3 vs industry average
Cenovus Energy’s score of 21 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gas/Diesel Oil is among the most carbon-intensive industries
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Scope 3 accounts for ••• of total emissions.
Cenovus Energy, headquartered in CA and operating in the Gas/Diesel Oil sector, reported its emissions for the period of 2018-2022.
For 2022, Cenovus Energy's total global emissions were approximately 229,300,000,000 kg CO2e. This comprises:
In 2021, the company's total global emissions were approximately 224,400,000,000 kg CO2e. This breaks down as:
For 2020, total global emissions were approximately 214,900,000,000 kg CO2e. This included:
In 2019, total global emissions were approximately 216,000,000,000 kg CO2e. The breakdown includes:
Cenovus Energy has established climate commitments including a long-term ambition to achieve net zero emissions by 2050. The company has also set a near-term target to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 35% by the end of 2035, using 2019 as the baseline year.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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