Crescent Point Energy
Crescent Point Energy Corporation, commonly referred to as Crescent Point, is a prominent Canadian oil and gas exploration and production company headquartered in Calgary, Alberta. Founded in 2001, the company has established itself as a key player in the North American energy sector, primarily focusing on the development of light and medium oil resources across its major operational regions, including Saskatchewan and Alberta. Crescent Point is renowned for its innovative approach to resource extraction, employing advanced technologies to enhance production efficiency and sustainability. The company’s core offerings include oil and natural gas production, with a commitment to responsible environmental practices. Notably, Crescent Point has achieved significant milestones, including strategic acquisitions that have bolstered its market position, making it one of the leading independent oil producers in Canada.
DitchCarbon Score
How does Crescent Point 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 Natural Gas Liquids 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
Crescent Point Energy's score of 18 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crescent Point Energy's reported carbon emissions
In 2022, Crescent Point Energy reported total carbon emissions of approximately 719,333,000 kg CO2e for Scope 1 and 586,092,000 kg CO2e for Scope 2. This represents a decrease from 2021, where emissions were about 749,618,000 kg CO2e for Scope 1 and 679,700,000 kg CO2e for Scope 2. The company has consistently disclosed emissions data for Scope 1 and Scope 2 but has not reported any Scope 3 emissions. Crescent Point Energy's emissions intensity for Scope 1 and 2 combined was reported at 31.0 kg CO2e per barrel of oil equivalent (boe) in both 2021 and 2022, indicating a stable performance in emissions efficiency within the mineral fuels sector. Despite the significant emissions figures, there are currently no specific reduction targets or climate pledges outlined by Crescent Point Energy. The company’s emissions data is cascaded from its parent organization, Veren Inc., which may influence its overall climate strategy and reporting practices. Crescent Point Energy's commitment to addressing climate change is evident through its transparency in emissions reporting, although further details on specific reduction initiatives or targets are not available at this time.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,411,090,530 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 911,172,520 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| 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.
Crescent Point 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.
