Freedom Oil and Gas Ltd Sustainability Profile
Freedom Oil and Gas Ltd, a prominent player in the energy sector, is headquartered in the United States, with significant operations in key regions across North America. Founded in 2017, the company has quickly established itself within the oil and gas industry, focusing on the exploration and production of hydrocarbons. Specialising in unconventional oil and gas resources, Freedom Oil and Gas Ltd offers unique solutions that leverage advanced technologies to optimise extraction processes. The company is recognised for its commitment to sustainable practices and operational efficiency, positioning itself as a forward-thinking entity in a competitive market. With a strong emphasis on innovation and environmental responsibility, Freedom Oil and Gas Ltd has achieved notable milestones, enhancing its reputation and market presence. As it continues to grow, the company remains dedicated to delivering value to its stakeholders while contributing to the evolving energy landscape.
DitchCarbon Score
How does Freedom Oil and Gas 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 Crude Oil Extraction 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
Freedom Oil and Gas Ltd's score of 9 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Freedom Oil and Gas Ltd's reported carbon emissions
Freedom Oil and Gas Ltd, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. However, the company has set ambitious climate commitments and reduction initiatives. From 2019 to 2023, Coterra, a related entity, achieved a significant reduction in its absolute Scope 1 CO2 emissions, decreasing them by approximately 37%. This achievement highlights a strong commitment to reducing greenhouse gas emissions within the industry. For the near term, Freedom Oil and Gas Ltd aims to enhance its sustainability efforts by implementing 22 midstream electric compressor units by the end of 2024, which is expected to further reduce emissions. Additionally, the company has established a Scope 1 GHG emissions intensity target range of 4.96 to 5.42 metric tons CO2e per Gross Mboe Produced for 2023, representing a 16.6% reduction target. These initiatives reflect Freedom Oil and Gas Ltd's commitment to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and emissions reduction.
How Carbon Intensive is Freedom Oil and Gas Ltd's Industry?
How Carbon Intensive is Freedom Oil and Gas Ltd's Location?
Freedom Oil and Gas 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.
Freedom Oil and Gas 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.
