Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd Sustainability Profile
Gear Energy Ltd., a prominent player in the Canadian oil and gas sector, is headquartered in Calgary, Alberta. Founded in 2010, the company has established itself as a key operator in the heavy oil market, focusing primarily on the development and production of non-core heavy oil assets in Alberta. With a commitment to operational excellence, Gear Energy Ltd. offers a range of services centred around enhanced oil recovery and efficient resource management. The company’s strategic approach to asset optimisation has positioned it favourably within the industry, allowing it to achieve significant milestones in production and sustainability. Recognised for its innovative techniques and strong market presence, Gear Energy Ltd. continues to contribute to Alberta's energy landscape while prioritising environmental stewardship and community engagement.
DitchCarbon Score
How does Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd'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
Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd's score of 9 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd currently does not report specific carbon emissions data, as no emissions figures are available. The organization is a current subsidiary of Gear Energy Ltd, which may influence its climate commitments and emissions reporting. While there are no documented reduction targets or climate pledges from Certain Non-Core Alberta Heavy Oil Assets, emissions data may be inherited from its parent company, Gear Energy Ltd. Additionally, performance metrics may be cascaded from Cenovus Energy Inc., which is at a cascade level of 2 in the corporate hierarchy. As of now, the absence of specific emissions data and reduction initiatives indicates a need for further transparency and commitment to climate action within the sector. The industry context suggests that many companies are increasingly focusing on setting science-based targets and improving sustainability practices, which may eventually influence the operations of Certain Non-Core Alberta Heavy Oil Assets.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,657,427,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd's Industry?
How Carbon Intensive is Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd's Location?
Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd's Scope 3 Categories Breakdown
Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd's Scope 3 emissions, which increased by 8% last year and increased by approximately 12% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 89% of Scope 3 emissions.
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Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Certain Non-Core Alberta Heavy Oil Assets of Gear Energy Ltd has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
